Keybank National Association OH Cuts Holdings in Mastercard Incorporated (NYSE:MA)

Keybank National Association OH trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 441,517 shares of the credit services provider’s stock after selling 3,077 shares during the quarter. Mastercard accounts for approximately 0.9% of Keybank National Association OH’s investment portfolio, making the stock its 20th biggest position. Keybank National Association OH’s holdings in Mastercard were worth $232,490,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MA. Swedbank AB boosted its stake in shares of Mastercard by 14.8% in the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after buying an additional 241,297 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Mastercard by 20.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 511 shares of the credit services provider’s stock worth $252,000 after purchasing an additional 87 shares during the period. Princeton Global Asset Management LLC raised its holdings in Mastercard by 422.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 230 shares of the credit services provider’s stock worth $114,000 after purchasing an additional 186 shares during the period. Pure Financial Advisors LLC raised its holdings in Mastercard by 6.6% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,044 shares of the credit services provider’s stock worth $516,000 after purchasing an additional 65 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Mastercard by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 177,896 shares of the credit services provider’s stock worth $91,390,000 after purchasing an additional 16,556 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.3 %

MA stock opened at $574.39 on Tuesday. The firm has a market cap of $523.68 billion, a PE ratio of 41.35, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $543.74 and its 200-day moving average price is $518.76. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23.

Mastercard (NYSE:MA) last posted 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%. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 annualized dividend and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a report on Tuesday, February 4th. Macquarie raised their price target on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

About Mastercard

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.