Charles Schwab Trust Co Has $4.20 Million Position in Mastercard Incorporated (NYSE:MA)

Charles Schwab Trust Co raised its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,981 shares of the credit services provider’s stock after acquiring an additional 182 shares during the quarter. Charles Schwab Trust Co’s holdings in Mastercard were worth $4,203,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter worth $34,000. First Personal Financial Services acquired a new position in Mastercard in the 3rd quarter valued at $39,000. Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in Mastercard in the 3rd quarter valued at approximately $55,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MA shares. TD Cowen boosted their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie boosted their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. KeyCorp upped their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Mizuho boosted their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Robert W. Baird increased their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Price Performance

MA stock opened at $525.22 on Tuesday. The stock has a market cap of $482.06 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. The stock has a 50-day moving average price of $524.28 and a two-hundred day moving average price of $494.92. Mastercard Incorporated has a 1 year low of $427.45 and a 1 year high of $537.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.39 EPS. Equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard declared that its board has authorized a stock buyback program 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 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 0.58%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is currently 23.00%.

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.