Thryve Wealth Management LLC Makes New Investment in Mastercard Incorporated $MA

Thryve Wealth Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,121 shares of the credit services provider’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC lifted its stake in shares of Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Mastercard in the second quarter valued at approximately $431,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.2%

Shares of NYSE:MA opened at $490.73 on Friday. The company has a 50 day moving average of $498.76 and a two-hundred day moving average of $521.76. The company has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the firm posted $3.73 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Bank of America initiated coverage on shares of Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective on the stock. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Evercore restated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Loop Capital restated a “buy” rating and issued a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Finally, Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average target price of $656.04.

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.