CIBC Private Wealth Group LLC Has $348.52 Million Position in Mastercard Incorporated (NYSE:MA)

CIBC Private Wealth Group LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 674,905 shares of the credit services provider’s stock after selling 26,077 shares during the period. CIBC Private Wealth Group LLC owned 0.07% of Mastercard worth $348,521,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard during the fourth quarter worth about $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $30,000. Truvestments Capital LLC increased its stake in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. raised its position in shares of Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Down 3.0 %

MA stock opened at $540.57 on Friday. The company has a market cap of $492.84 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The business has a 50 day moving average price of $550.58 and a two-hundred day moving average price of $526.92. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its board has approved a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MA shares. Royal Bank of Canada upped their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a report on Tuesday, February 4th. Finally, Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $606.11.

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.