Savvy Advisors Inc. Purchases 2,045 Shares of Mastercard Incorporated $MA

Savvy Advisors Inc. grew its position in Mastercard Incorporated (NYSE:MA) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,492 shares of the credit services provider’s stock after acquiring an additional 2,045 shares during the quarter. Savvy Advisors Inc.’s holdings in Mastercard were worth $7,702,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. grew its position in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after acquiring an additional 200 shares during the last quarter. SCS Capital Management LLC grew its position in Mastercard by 7.6% in the 2nd quarter. SCS Capital Management LLC now owns 6,162 shares of the credit services provider’s stock valued at $3,463,000 after acquiring an additional 434 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in Mastercard in the second quarter worth $232,000. Finally, SageView Advisory Group LLC increased its stake in Mastercard by 3.8% in the second quarter. SageView Advisory Group LLC now owns 5,859 shares of the credit services provider’s stock worth $3,330,000 after purchasing an additional 212 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. The Goldman Sachs Group reissued a “buy” rating and set a $739.00 target price on shares of Mastercard in a research note on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Morgan Stanley lifted their price objective on shares of Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Sunday, March 15th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $664.40.

Mastercard Stock Performance

Shares of Mastercard stock opened at $493.55 on Friday. The firm has a market cap of $440.15 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.58 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock’s fifty day moving average price is $516.31 and its 200-day moving average price is $544.68.

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 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 analyst estimates of $8.80 billion. During the same period in the prior year, the firm earned $3.82 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given 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 dividend payout ratio is presently 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.