Wayfinding Financial LLC Invests $286,000 in Mastercard Incorporated (NYSE:MA)

Wayfinding Financial LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 545 shares of the credit services provider's stock, valued at approximately $286,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider's stock worth $2,846,187,000 after acquiring an additional 1,965,782 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC raised its position in shares of Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after buying an additional 1,553,329 shares during the last quarter. FMR LLC lifted its stake in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock worth $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. Finally, Amundi lifted its position in shares of Mastercard by 13.1% in the fourth quarter. Amundi now owns 4,899,438 shares of the credit services provider's stock worth $2,532,541,000 after buying an additional 565,717 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 0.2 %

Mastercard stock traded up $0.99 during mid-day trading on Tuesday, reaching $544.66. 173,310 shares of the company were exchanged, compared to its average volume of 2,376,994. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The business has a fifty day moving average of $548.32 and a 200 day moving average of $525.42. The firm has a market cap of $496.57 billion, a P/E ratio of 39.21, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

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Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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%. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MA. Susquehanna raised their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. KeyCorp lifted their price objective on shares of Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Barclays upped their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price target on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Monness Crespi & Hardt upgraded Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 price objective on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.