Secure Asset Management LLC Has $405,000 Holdings in Mastercard Incorporated (NYSE:MA)

Secure Asset Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 62.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 770 shares of the credit services provider’s stock after purchasing an additional 297 shares during the period. Secure Asset Management LLC’s holdings in Mastercard were worth $405,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Goldstein Advisors LLC lifted its stake in Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after acquiring an additional 20 shares in the last quarter. Community Bank N.A. raised its holdings in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC lifted its position in shares of Mastercard by 1.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 20 shares in the last quarter. Boltwood Capital Management boosted its holdings in Mastercard by 1.0% during the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after purchasing an additional 20 shares during the last quarter. Finally, Traveka Wealth LLC grew its position in Mastercard by 1.4% in the fourth quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock valued at $778,000 after purchasing an additional 20 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. TD Cowen upped their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. UBS Group increased their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup boosted their target price on shares of Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $567.29.

Mastercard Price Performance

Shares of Mastercard stock opened at $533.50 on Friday. The company has a 50-day simple moving average of $524.54 and a two-hundred day simple moving average of $496.49. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $537.70. The stock has a market capitalization of $489.66 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is presently 23.00%.

Mastercard announced that its board has authorized a stock buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.