Syntegra Private Wealth Group LLC Buys 24 Shares of Mastercard Incorporated (NYSE:MA)

Syntegra Private Wealth Group LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,996 shares of the credit services provider’s stock after buying an additional 24 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Mastercard were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Cypress Wealth Services LLC lifted its position in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Cassia Capital Partners LLC grew its holdings in Mastercard by 2.1% in the 3rd quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock worth $491,000 after acquiring an additional 26 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of Mastercard by 8.4% during the third quarter. Armstrong Advisory Group Inc. now owns 348 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 27 shares during the last quarter. Visionary Wealth Advisors increased its holdings in Mastercard by 0.5% during the 3rd quarter. Visionary Wealth Advisors now owns 5,311 shares of the credit services provider’s stock valued at $2,103,000 after purchasing an additional 27 shares during the period. Finally, Tufton Capital Management lifted its holdings in Mastercard by 5.1% in the 3rd quarter. Tufton Capital Management now owns 578 shares of the credit services provider’s stock worth $229,000 after buying an additional 28 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA traded up $3.62 during mid-day trading on Thursday, hitting $481.57. 2,207,475 shares of the company’s stock traded hands, compared to its average volume of 2,443,068. The company’s 50-day moving average is $464.17 and its two-hundred day moving average is $426.46. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. Mastercard Incorporated has a 1 year low of $355.82 and a 1 year high of $490.00. The company has a market capitalization of $449.25 billion, a P/E ratio of 40.74, a PEG ratio of 1.81 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the business posted $2.65 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is 22.32%.

Mastercard declared that its Board of Directors has initiated a share buyback program on Tuesday, December 5th that permits the company to repurchase $11.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Oppenheimer restated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Tigress Financial lifted their price target on Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 7th. The Goldman Sachs Group upped their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. KeyCorp upped their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $479.62.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. Insiders have sold a total of 50,628 shares of company stock valued at $23,309,067 over the last quarter. 0.13% of the stock is owned by corporate insiders.

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.