480 Shares in Mastercard Incorporated (NYSE:MA) Acquired by BluePointe Capital Management LLC

BluePointe Capital Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 480 shares of the credit services provider's stock, valued at approximately $253,000.

A number of other institutional investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd increased its holdings in shares of Mastercard by 2.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the period. Cardano Risk Management B.V. grew its position in Mastercard by 2.7% during the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock worth $194,141,000 after buying an additional 9,611 shares in the last quarter. Dock Street Asset Management Inc. grew its position in Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after buying an additional 2,931 shares in the last quarter. Nordea Investment Management AB raised its holdings in Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock valued at $1,325,353,000 after acquiring an additional 337,905 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock valued at $2,474,151,000 after acquiring an additional 100,550 shares during the period. Institutional investors own 97.28% of the company's stock.

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Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

Mastercard Trading Up 1.5 %

Shares of MA traded up $8.13 during mid-day trading on Monday, reaching $543.82. 2,758,655 shares of the company were exchanged, compared to its average volume of 2,377,778. The business has a 50 day simple moving average of $548.32 and a two-hundred day simple moving average of $525.42. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $495.81 billion, a PE ratio of 39.15, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard announced that its board has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard's payout ratio is currently 21.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MA shares. Oppenheimer decreased their price target on Mastercard from $591.00 to $588.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target for the company in a report on Tuesday, February 4th. Monness Crespi & Hardt raised shares of Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and set a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $606.11.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.