Mastercard (NYSE:MA) Price Target Raised to $520.00 at JPMorgan Chase & Co.

Mastercard (NYSE:MA) had its price objective increased by JPMorgan Chase & Co. from $504.00 to $520.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the credit services provider’s stock.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada raised their target price on Mastercard from $432.00 to $499.00 and gave the company an outperform rating in a report on Thursday, February 1st. Raymond James raised their target price on Mastercard from $452.00 to $504.00 and gave the company an outperform rating in a report on Thursday, February 1st. Evercore ISI lifted their price objective on Mastercard from $530.00 to $545.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. KeyCorp lifted their price objective on Mastercard from $475.00 to $490.00 and gave the company an overweight rating in a research note on Thursday, February 1st. Finally, TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They issued a buy rating and a $545.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $485.91.

Mastercard Stock Up 0.1 %

Shares of MA opened at $460.07 on Monday. Mastercard has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a market capitalization of $429.20 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The stock has a fifty day simple moving average of $471.83 and a two-hundred day simple moving average of $433.21. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period last year, the company earned $2.65 EPS. As a group, equities analysts forecast that Mastercard will post 14.36 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 41,728 shares of company stock worth $19,479,753 in the last three months. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Westend Capital Management LLC purchased a new position in Mastercard in the first quarter valued at about $27,000. VitalStone Financial LLC boosted its stake in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Mastercard during the 4th quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard during the 4th quarter worth about $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.