Mastercard (NYSE:MA) Given a $317.00 Price Target at Citigroup

Citigroup set a $317.00 price target on Mastercard (NYSE:MA) in a research report sent to investors on Friday morning, TipRanks reports. The firm currently has a buy rating on the credit services provider’s stock.

MA has been the subject of a number of other research reports. Oppenheimer set a $119.00 target price on American Express and gave the company a buy rating in a report on Wednesday, April 17th. Raymond James reduced their target price on SM Energy from $20.00 to $15.00 and set an outperform rating for the company in a report on Thursday, July 18th. KeyCorp restated a buy rating and issued a $158.00 target price on shares of Tableau Software in a report on Friday, May 3rd. UBS Group increased their target price on Tableau Software to $134.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Barclays set a $89.00 target price on Franco Nevada and gave the company a hold rating in a report on Friday. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $264.52.

Shares of MA traded up $0.36 during mid-day trading on Friday, reaching $278.97. The company’s stock had a trading volume of 1,937,706 shares, compared to its average volume of 3,469,804. The company has a fifty day moving average price of $267.96. The company has a market cap of $281.53 billion, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. Mastercard has a 1 year low of $171.89 and a 1 year high of $280.63. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. Sell-side analysts predict that Mastercard will post 7.6 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $277.47, for a total transaction of $2,205,886.50. Following the transaction, the insider now directly owns 112,149,962 shares of the company’s stock, valued at $31,118,249,956.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ajay Banga sold 252,600 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the transaction, the chief executive officer now directly owns 427,638 shares in the company, valued at $107,302,926.96. The disclosure for this sale can be found here. Insiders sold 343,299 shares of company stock worth $87,391,455 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of MA. Joseph P. Lucia & Associates LLC acquired a new position in Mastercard during the second quarter worth $26,000. Valley National Advisers Inc. grew its position in shares of Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 97 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $30,000. Ellis Investment Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $30,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $31,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: Neutral Rating

Analyst Recommendations for Mastercard (NYSE:MA)

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