Mastercard (NYSE:MA) Price Target Increased to $520.00 by Analysts at JPMorgan Chase & Co.

Mastercard (NYSE:MA) had its price objective upped by JPMorgan Chase & Co. from $504.00 to $520.00 in a report published on Monday morning, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

A number of other equities research analysts also recently commented on the stock. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. BMO Capital Markets increased their price objective on shares of Mastercard from $480.00 to $490.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Monness Crespi & Hardt began coverage on shares of Mastercard in a research report on Wednesday, December 20th. They issued a neutral rating on the stock. Raymond James upped their target price on shares of Mastercard from $452.00 to $504.00 and gave the company an outperform rating in a report on Thursday, February 1st. Finally, Susquehanna restated a positive rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $490.23.

Mastercard Price Performance

Shares of MA opened at $454.39 on Monday. Mastercard has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The firm’s 50 day moving average price is $471.75 and its 200 day moving average price is $433.36. The company has a market cap of $423.90 billion, a P/E ratio of 38.41, a PEG ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the firm earned $2.65 EPS. On average, research analysts forecast that Mastercard will post 14.36 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Activity

In other news, insider Ajay Bhalla sold 98 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the transaction, the insider now owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 37,728 shares of company stock worth $17,739,753 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mastercard

Several hedge funds have recently modified their holdings of MA. Hoxton Planning & Management LLC grew its stake in shares of Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its stake in shares of Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after buying an additional 23 shares in the last quarter. Benin Management CORP grew its stake in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares in the last quarter. Atticus Wealth Management LLC grew its stake in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its stake in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

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.