Reflection Asset Management Makes New Investment in Mastercard Incorporated $MA

Reflection Asset Management purchased a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,021 shares of the credit services provider’s stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CFO Capital Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $294,000. Sankala Group LLC acquired a new stake in Mastercard in the 4th quarter valued at about $124,000. Tobam lifted its stake in Mastercard by 176.0% in the 4th quarter. Tobam now owns 5,082 shares of the credit services provider’s stock valued at $2,901,000 after purchasing an additional 3,241 shares during the last quarter. Wick Capital Partners LLC grew its holdings in Mastercard by 120.5% during the fourth quarter. Wick Capital Partners LLC now owns 1,012 shares of the credit services provider’s stock worth $578,000 after purchasing an additional 553 shares during the period. Finally, Arwa LLC bought a new position in Mastercard during the fourth quarter worth about $1,420,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup dropped their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Raymond James Financial set a $609.00 price target on Mastercard in a report on Friday, May 1st. Six investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $656.04.

Mastercard Stock Performance

MA opened at $490.73 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $498.76 and a 200 day simple moving average of $521.76. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a market capitalization of $433.60 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter last year, the business earned $3.73 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Mastercard Company Profile

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.