Abound Financial LLC Acquires New Position in Mastercard Incorporated (NYSE:MA)

Abound Financial LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,016 shares of the credit services provider’s stock, valued at approximately $1,062,000. Mastercard comprises about 0.5% of Abound Financial LLC’s investment portfolio, making the stock its 28th biggest position.

Other institutional investors also recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its stake in Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after acquiring an additional 62,891 shares during the period. Cardano Risk Management B.V. lifted its stake in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after acquiring an additional 9,611 shares during the period. Nordea Investment Management AB lifted its stake in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after acquiring an additional 337,905 shares during the period. Dock Street Asset Management Inc. lifted its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after acquiring an additional 2,931 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after acquiring an additional 100,550 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 1.0 %

Shares of MA opened at $557.44 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The company has a 50 day simple moving average of $538.98 and a two-hundred day simple moving average of $513.78. The firm has a market cap of $508.22 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its board has authorized a share repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Piper Sandler reiterated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Susquehanna increased their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $606.11.

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.