SteelPeak Wealth LLC Grows Position in Mastercard Incorporated $MA

SteelPeak Wealth LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 28.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,328 shares of the credit services provider’s stock after acquiring an additional 2,085 shares during the quarter. SteelPeak Wealth LLC’s holdings in Mastercard were worth $5,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the second quarter worth $29,000. Robbins Farley increased its stake in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the period. Tacita Capital Inc lifted its holdings in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new stake in Mastercard in the 2nd quarter valued at about $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital initiated coverage on Mastercard in a research note on Tuesday. They issued a “buy” rating and a $631.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $656.00 target price on shares of Mastercard in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $664.40.

Mastercard Price Performance

NYSE MA opened at $493.55 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s fifty day moving average price is $516.31 and its 200 day moving average price is $544.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market cap of $440.15 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its earnings results 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. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm posted $3.82 earnings per share. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s payout ratio is 21.07%.

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.