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

Mastercard (NYSE:MA - Free Report) had its price target lifted by JPMorgan Chase & Co. from $504.00 to $520.00 in a research report sent to investors on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the credit services provider's stock.

A number of other analysts have also recently issued reports on MA. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. Susquehanna reaffirmed a positive rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. Mizuho reiterated a buy rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Finally, BMO Capital Markets lifted their price target on Mastercard from $480.00 to $490.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Two equities 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. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $485.91.

Mastercard Trading Down 1.2 %

MA traded down $5.59 during midday trading on Monday, reaching $459.79. 1,962,275 shares of the company's stock traded hands, compared to its average volume of 2,430,120. The firm has a fifty day moving average of $471.81 and a two-hundred day moving average of $432.15. Mastercard has a 52 week low of $357.85 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $428.93 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 1.77 and a beta of 1.08.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard's dividend payout ratio is currently 22.32%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction that occurred on 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 directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold 41,728 shares of company stock valued at $19,479,753 over the last three months. Company insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Mastercard

A number of large investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the fourth quarter valued at $26,000. VitalStone Financial LLC boosted its position in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider's stock valued at $26,000 after buying an additional 45 shares during the last quarter. Hibernia Wealth Partners LLC bought a new stake in Mastercard in the 3rd quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the 4th quarter worth about $27,000. Institutional investors own 97.28% of the company's stock.

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.