Mastercard Incorporated $MA Shares Bought by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,969 shares of the credit services provider’s stock after buying an additional 4,388 shares during the quarter. Mastercard accounts for about 2.5% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Bartlett & CO. Wealth Management LLC’s holdings in Mastercard were worth $191,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Premier Path Wealth Partners LLC raised its position in shares of Mastercard by 8.2% in the 4th quarter. Premier Path Wealth Partners LLC now owns 5,602 shares of the credit services provider’s stock valued at $3,198,000 after buying an additional 426 shares in the last quarter. Apollon Wealth Management LLC increased its position in Mastercard by 4.3% during the 4th quarter. Apollon Wealth Management LLC now owns 52,223 shares of the credit services provider’s stock worth $29,813,000 after purchasing an additional 2,176 shares in the last quarter. Spirepoint Private Client LLC increased its position in Mastercard by 12.9% during the 4th quarter. Spirepoint Private Client LLC now owns 14,558 shares of the credit services provider’s stock worth $8,311,000 after purchasing an additional 1,658 shares in the last quarter. Vista Investment Partners II LLC increased its position in Mastercard by 0.8% during the 4th quarter. Vista Investment Partners II LLC now owns 5,938 shares of the credit services provider’s stock worth $3,390,000 after purchasing an additional 46 shares in the last quarter. Finally, Brookwood Investment Group LLC increased its position in Mastercard by 99.8% during the 4th quarter. Brookwood Investment Group LLC now owns 1,930 shares of the credit services provider’s stock worth $1,102,000 after purchasing an additional 964 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA opened at $498.80 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company’s fifty day moving average price is $513.49 and its two-hundred day moving average price is $541.98. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. The company has a market cap of $444.83 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.62 and a beta of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.82 earnings per share. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued 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 is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is 21.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. Evercore reiterated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, UBS Group lowered their price objective on shares of Mastercard from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $664.40.

Mastercard 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.