Keystone Wealth Services LLC Buys Shares of 383 Mastercard Incorporated (NYSE:MA)

Keystone Wealth Services LLC purchased a new position in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 383 shares of the credit services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $32,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter worth approximately $39,000. FPC Investment Advisory Inc. boosted its holdings in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its stake in shares of Mastercard by 72.5% during the fourth quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Oppenheimer cut their price objective on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a report on Friday, January 31st. Finally, Susquehanna lifted 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. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Shares of MA opened at $574.39 on Tuesday. The company has a market capitalization of $523.68 billion, a PE ratio of 41.35, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $543.74 and its 200 day moving average price is $518.76. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

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

Mastercard announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is currently 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.