Mastercard Incorporated (NYSE:MA) Shares Bought by Syntegra Private Wealth Group LLC

Syntegra Private Wealth Group LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,996 shares of the credit services provider’s stock after purchasing an additional 24 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Mastercard were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Bornite Capital Management LP bought a new stake in shares of Mastercard during the first quarter valued at approximately $21,442,000. United Bank lifted its holdings in Mastercard by 34.5% in the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock worth $2,147,000 after purchasing an additional 1,541 shares during the period. Mackenzie Financial Corp increased its stake in Mastercard by 30.1% during the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after buying an additional 63,040 shares during the period. First Western Trust Bank acquired a new stake in shares of Mastercard in the 1st quarter worth approximately $1,168,000. Finally, Bridgewater Associates LP bought a new position in shares of Mastercard in the first quarter valued at approximately $12,926,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MA. Mizuho reaffirmed a “buy” rating and set a $480.00 price target on shares of Mastercard in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. The Goldman Sachs Group raised their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Evercore ISI raised their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, KeyCorp upped their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $479.62.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, 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 accessible through this link. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,628 shares of company stock worth $23,309,067. 0.13% of the stock is currently owned by insiders.

Mastercard Stock Up 0.8 %

MA stock traded up $3.62 during trading hours on Thursday, hitting $481.57. The company’s stock had a trading volume of 2,207,475 shares, compared to its average volume of 2,443,068. The stock has a 50 day moving average price of $464.17 and a two-hundred day moving average price of $426.46. Mastercard Incorporated has a 12 month low of $355.82 and a 12 month high of $490.00. The company has a market capitalization of $449.25 billion, a PE ratio of 40.74, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. 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. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company posted $2.65 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Mastercard declared that its board has initiated a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Mastercard 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.