Harbour Trust & Investment Management Co Buys 227 Shares of Mastercard Incorporated (NYSE:MA)

Harbour Trust & Investment Management Co boosted its stake in Mastercard Incorporated (NYSE:MA) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,008 shares of the credit services provider’s stock after purchasing an additional 227 shares during the period. Mastercard comprises approximately 2.4% of Harbour Trust & Investment Management Co’s portfolio, making the stock its 8th largest position. Harbour Trust & Investment Management Co’s holdings in Mastercard were worth $21,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canvas Wealth Advisors LLC increased its stake in Mastercard by 8.5% during the 4th quarter. Canvas Wealth Advisors LLC now owns 1,207 shares of the credit services provider’s stock worth $636,000 after buying an additional 95 shares during the period. Angeles Wealth Management LLC raised its stake in Mastercard by 2.1% in the fourth quarter. Angeles Wealth Management LLC now owns 6,282 shares of the credit services provider’s stock valued at $3,308,000 after buying an additional 132 shares in the last quarter. Martin Capital Advisors LLP lifted its stake in Mastercard by 3.6% during the fourth quarter. Martin Capital Advisors LLP now owns 9,869 shares of the credit services provider’s stock worth $5,197,000 after purchasing an additional 341 shares during the last quarter. 17 Capital Partners LLC lifted its position in shares of Mastercard by 2.0% during the 4th quarter. 17 Capital Partners LLC now owns 1,767 shares of the credit services provider’s stock worth $930,000 after buying an additional 35 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in Mastercard by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,034 shares of the credit services provider’s stock valued at $544,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.8 %

Shares of NYSE MA opened at $562.55 on Monday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94. The company has a market cap of $516.33 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock’s 50 day simple moving average is $531.61 and its 200 day simple moving average is $505.53.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) 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%. Equities research analysts expect that Mastercard Incorporated will post 15.98 EPS for the current year.

Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is currently 21.89%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Piper Sandler restated an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. UBS Group upped their target price on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $603.08.

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.