Triad Wealth Partners LLC Purchases Shares of 1,932 Mastercard Incorporated (NYSE:MA)

Triad Wealth Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,932 shares of the credit services provider’s stock, valued at approximately $1,017,000.

Other institutional investors have also made changes to their positions in the company. Swedbank AB increased its position in shares of Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after purchasing an additional 241,297 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Mastercard by 39.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,474 shares of the credit services provider’s stock valued at $728,000 after purchasing an additional 418 shares in the last quarter. Alterna Wealth Management Inc. raised its position in Mastercard by 2.3% in the 3rd quarter. Alterna Wealth Management Inc. now owns 1,385 shares of the credit services provider’s stock valued at $684,000 after purchasing an additional 31 shares during the last quarter. FSM Wealth Advisors LLC boosted its stake in Mastercard by 13.0% in the third quarter. FSM Wealth Advisors LLC now owns 1,299 shares of the credit services provider’s stock worth $641,000 after purchasing an additional 149 shares in the last quarter. Finally, Martin Investment Management LLC grew its holdings in shares of Mastercard by 1.1% during the third quarter. Martin Investment Management LLC now owns 39,191 shares of the credit services provider’s stock worth $19,353,000 after purchasing an additional 439 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 3.5 %

Shares of Mastercard stock opened at $554.88 on Wednesday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $505.89 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business has a 50-day moving average of $544.12 and a two-hundred day moving average of $519.37.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping 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, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MA shares. Royal Bank of Canada lifted their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Susquehanna upped their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, UBS Group increased their price objective on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard 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.