Indiana Trust & Investment Management Co Buys 570 Shares of Mastercard Incorporated (NYSE:MA)

Indiana Trust & Investment Management Co raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 28.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,589 shares of the credit services provider’s stock after purchasing an additional 570 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in Mastercard were worth $1,363,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in Mastercard by 0.7% during the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after buying an additional 257,312 shares in the last quarter. FMR LLC lifted its holdings in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the period. Geode Capital Management LLC boosted its position in shares of Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after acquiring an additional 453,773 shares in the last quarter. International Assets Investment Management LLC increased its stake in Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Mastercard by 4.2% during the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after purchasing an additional 304,293 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

NYSE:MA opened at $564.79 on Wednesday. The stock’s fifty day simple moving average is $532.30 and its 200-day simple moving average is $507.00. The firm has a market capitalization of $518.38 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities research analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is presently 21.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MA. JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. KeyCorp boosted their target price on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $603.08.

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.