Bartlett & CO. Wealth Management LLC Has $175.32 Million Holdings in Mastercard Incorporated (NYSE:MA)

Bartlett & CO. Wealth Management LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,955 shares of the credit services provider’s stock after purchasing an additional 3,706 shares during the quarter. Mastercard comprises about 2.5% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Bartlett & CO. Wealth Management LLC’s holdings in Mastercard were worth $175,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Citigroup boosted their target price on Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. UBS Group raised their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Jefferies Financial Group lifted their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, BMO Capital Markets increased their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Trading Down 0.2 %

Shares of MA stock opened at $527.02 on Thursday. The stock has a market cap of $483.72 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 2.10 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. The company’s 50-day moving average price is $524.16 and its 200-day moving average price is $496.01. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $537.70.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the firm earned $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a $0.76 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is presently 23.00%.

Mastercard declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits 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 leadership believes its stock is undervalued.

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.