Mastercard Incorporated (NYSE:MA) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 59.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,328 shares of the credit services provider’s stock after acquiring an additional 497 shares during the period. DT Investment Partners LLC’s holdings in Mastercard were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard in the fourth quarter worth $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the first quarter worth $25,000. Barometer Capital Management Inc. acquired a new position in shares of Mastercard during the third quarter worth $36,000. Mascoma Wealth Management LLC acquired a new position in shares of Mastercard during the third quarter worth $38,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded up $0.69 during trading hours on Friday, hitting $455.39. 2,548,844 shares of the stock were exchanged, compared to its average volume of 2,169,012. The company has a market cap of $424.83 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The stock has a 50-day moving average of $471.70 and a 200 day moving average of $433.78. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share 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 company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the business posted $2.65 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.58%. Mastercard’s payout ratio is currently 22.32%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MA. BMO Capital Markets boosted their target price on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada boosted their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Mizuho reissued a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research report on Wednesday, March 27th. Finally, Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

Insiders Place Their Bets

In other Mastercard news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now owns 6,235 shares of the company’s stock, valued at $2,740,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,728 shares of company stock worth $68,483,403. 0.13% of the stock is owned by company insiders.

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.