Mastercard Incorporated $MA Shares Purchased by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 155.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,930 shares of the credit services provider’s stock after acquiring an additional 1,175 shares during the period. Armstrong Fleming & Moore Inc’s holdings in Mastercard were worth $1,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth $27,000. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard in the 2nd quarter worth about $29,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard in the 2nd quarter valued at about $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Wells Fargo & Company lowered their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Truist Financial reduced their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Finally, Macquarie boosted their price objective on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $657.48.

Mastercard Stock Down 0.1%

Mastercard stock opened at $577.33 on Wednesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a 50-day simple moving average of $555.95 and a 200-day simple moving average of $565.53. The firm has a market capitalization of $518.44 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.27 and a beta of 0.87.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the business posted $3.89 EPS. Mastercard’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a $0.87 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.44%.

Mastercard Company Profile

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.