Mastercard Incorporated (NYSE:MA) Position Increased by TD Asset Management Inc.

TD Asset Management Inc. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 974,831 shares of the credit services provider’s stock after purchasing an additional 568 shares during the period. TD Asset Management Inc. owned 0.11% of Mastercard worth $513,317,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Prospect Financial Group LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $243,000. Modern Wealth Management LLC lifted its holdings in shares of Mastercard by 42.2% in the 4th quarter. Modern Wealth Management LLC now owns 1,751 shares of the credit services provider’s stock worth $986,000 after purchasing an additional 520 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Mastercard in the 4th quarter worth approximately $37,000. Napean Trading & Investment Co Singapore PTE Ltd acquired a new position in Mastercard during the 4th quarter valued at approximately $7,653,000. Finally, Jackson Thornton Wealth Management LLC grew its stake in Mastercard by 4.4% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 564 shares of the credit services provider’s stock worth $297,000 after buying an additional 24 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

NYSE MA opened at $543.82 on Tuesday. The stock has a market capitalization of $495.81 billion, a P/E ratio of 39.15, a P/E/G 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 business’s fifty day moving average is $548.32 and its two-hundred day moving average is $525.42. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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%. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MA shares. Oppenheimer cut their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. UBS Group lifted their price objective on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Morgan Stanley decreased their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. KeyCorp raised their price target 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. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Insider Activity

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.