FSA Wealth Management LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

FSA Wealth Management LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the third quarter, Holdings Channel reports. The institutional investor bought 109 shares of the credit services provider’s stock, valued at approximately $54,000.

Several other institutional investors have also modified their holdings of the stock. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at $35,000. First Personal Financial Services purchased a new stake in Mastercard during the third quarter worth about $39,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. Mizuho raised their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America raised their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Price Performance

Shares of MA opened at $532.94 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $535.77. The firm has a 50-day simple moving average of $510.37 and a 200-day simple moving average of $476.43. The company has a market capitalization of $489.15 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

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. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $3.39 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is 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.