My Legacy Advisors LLC Sells 88 Shares of Mastercard Incorporated (NYSE:MA)

My Legacy Advisors LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,248 shares of the credit services provider’s stock after selling 88 shares during the period. My Legacy Advisors LLC’s holdings in Mastercard were worth $2,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in Mastercard in the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the 2nd quarter worth approximately $34,000. First Personal Financial Services purchased a new stake in Mastercard in the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in Mastercard during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Robert W. Baird boosted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup increased their target price on Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, Morgan Stanley increased their price objective on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Trading Up 0.4 %

Shares of MA opened at $525.22 on Friday. The company’s fifty day simple moving average is $524.28 and its 200-day simple moving average is $494.24. The company has a market cap of $482.06 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $427.45 and a twelve month high of $537.70.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the company posted $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 14.46 EPS for the current year.

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

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is presently 19.97%.

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.