Koshinski Asset Management Inc. Purchases 166 Shares of Mastercard Incorporated (NYSE:MA)

Koshinski Asset Management Inc. grew its position in shares of Mastercard Incorporated (NYSE:MA) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,922 shares of the credit services provider’s stock after acquiring an additional 166 shares during the period. Koshinski Asset Management Inc.’s holdings in Mastercard were worth $2,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter valued at approximately $34,000. First Personal Financial Services bought a new stake in shares of Mastercard during the third quarter valued at approximately $39,000. Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in Mastercard in the third quarter worth $55,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Macquarie upped their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Oppenheimer lowered their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Performance

NYSE MA opened at $525.22 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 1-year low of $427.45 and a 1-year high of $537.70. The business has a 50 day simple moving average of $524.28 and a two-hundred day simple moving average of $494.92. The stock has a market capitalization of $482.06 billion, a PE ratio of 39.73, a P/E/G ratio of 2.09 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business earned $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Mastercard announced that its Board of Directors has initiated a share buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Mastercard Company 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.