OMC Financial Services LTD Has $19.74 Million Stake in Mastercard Incorporated (NYSE:MA)

OMC Financial Services LTD increased its stake in Mastercard Incorporated (NYSE:MA) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 37,485 shares of the credit services provider’s stock after purchasing an additional 24 shares during the quarter. Mastercard comprises approximately 8.4% of OMC Financial Services LTD’s portfolio, making the stock its 3rd biggest holding. OMC Financial Services LTD’s holdings in Mastercard were worth $19,738,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MA. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the 3rd quarter valued at $25,000. First Personal Financial Services bought a new position in Mastercard in the third quarter valued at $39,000. Legacy Investment Solutions LLC bought a new stake in Mastercard during the third quarter worth about $55,000. Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 24.1% during the 4th quarter. Lowe Wealth Advisors LLC now owns 108 shares of the credit services provider’s stock valued at $57,000 after purchasing an additional 21 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at about $54,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MA has been the subject of several research reports. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley cut their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Oppenheimer decreased their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company upped their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, BMO Capital Markets lifted their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $603.08.

Mastercard Stock Performance

Mastercard stock opened at $562.55 on Monday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The stock’s 50 day simple moving average is $531.61 and its two-hundred day simple moving average is $505.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. The stock has a market cap of $516.33 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a share buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

About Mastercard

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.