Lifelong Wealth Advisors Inc. Buys New Position in Mastercard Incorporated (NYSE:MA)

Lifelong Wealth Advisors Inc. purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 490 shares of the credit services provider's stock, valued at approximately $258,000.

Other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in Mastercard in the fourth quarter worth $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $32,000. Truvestments Capital LLC increased its position in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after buying an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Mastercard during the 4th quarter worth approximately $37,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

MA traded up $4.03 during trading hours on Friday, hitting $517.46. The stock had a trading volume of 3,329,748 shares, compared to its average volume of 2,624,345. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company's fifty day simple moving average is $537.86 and its 200 day simple moving average is $528.79. The stock has a market cap of $471.77 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Mastercard Announces Dividend

The firm also recently announced 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 0.59%. Mastercard's payout ratio is 21.89%.

Insiders Place Their Bets

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Piper Sandler restated an "overweight" rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $607.96.

About Mastercard

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.