Mastercard Incorporated (NYSE:MA) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,201 shares of the credit services provider’s stock after purchasing an additional 1,863 shares during the period. Summit Trail Advisors LLC’s holdings in Mastercard were worth $9,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after purchasing an additional 257,312 shares in the last quarter. FMR LLC lifted its stake in Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mastercard by 2.5% in the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after buying an additional 304,293 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.5 %

Mastercard stock opened at $565.51 on Tuesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. The firm has a market capitalization of $519.05 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The stock’s fifty day moving average is $531.61 and its two-hundred day moving average is $506.04.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Analysts predict that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s payout ratio is currently 21.89%.

Mastercard announced that its board has approved a share repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays boosted their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler reiterated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $603.08.

Mastercard 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.