SteelPeak Wealth LLC Purchases 2,085 Shares of Mastercard Incorporated $MA

SteelPeak Wealth LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,328 shares of the credit services provider’s stock after purchasing an additional 2,085 shares during the period. SteelPeak Wealth LLC’s holdings in Mastercard were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in Mastercard in the 2nd quarter worth $29,000. Robbins Farley lifted its position in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 40 shares during the period. Tacita Capital Inc boosted its stake in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Mastercard during the second quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.0%

MA opened at $493.55 on Friday. The stock has a 50-day moving average of $516.31 and a 200 day moving average of $544.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market cap of $440.15 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.82 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MA. Morgan Stanley lifted their target price on Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Tigress Financial increased their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Raymond James Financial reduced their price objective on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $620.00 to $735.00 in a report on Tuesday, January 13th. Finally, BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a research report on Thursday, March 19th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $664.40.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.