Trust Point Inc. Makes New $2.58 Million Investment in Mastercard Incorporated (NYSE:MA)

Trust Point Inc. bought a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,059 shares of the credit services provider’s stock, valued at approximately $2,584,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard during the fourth quarter worth $27,000. Hibernia Wealth Partners LLC acquired a new position in shares of Mastercard during the third quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the first quarter worth $25,000. Bollard Group LLC acquired a new position in shares of Mastercard during the second quarter worth $29,000. Finally, Barometer Capital Management Inc. acquired a new position in shares of Mastercard during the third quarter worth $36,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MA shares. Royal Bank of Canada boosted their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. BMO Capital Markets boosted their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Tigress Financial boosted their target price on shares of Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a report on Thursday, December 7th. KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Finally, Evercore ISI upped their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.95.

Read Our Latest Stock Report on MA

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 8,900 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 8,900 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. Insiders have sold 50,628 shares of company stock valued at $23,309,067 in the last quarter. Insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $1.42 during trading on Wednesday, reaching $480.85. 632,380 shares of the company’s stock traded hands, compared to its average volume of 2,414,658. The company has a market capitalization of $448.58 billion, a P/E ratio of 40.53, a PEG ratio of 1.82 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The firm’s 50-day moving average is $467.67 and its 200 day moving average is $428.36. Mastercard Incorporated has a 1 year low of $355.97 and a 1 year high of $490.00.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company posted $2.65 EPS. Equities research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 5th that permits the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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