400 Shares in Mastercard Incorporated (NYSE:MA) Bought by TI Trust Inc.

TI Trust Inc. bought a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 400 shares of the credit services provider’s stock, valued at approximately $211,000.

A number of other large investors have also added to or reduced their stakes in MA. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Mastercard by 21.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,932 shares of the credit services provider’s stock worth $2,597,000 after purchasing an additional 878 shares in the last quarter. Regatta Capital Group LLC increased its position in Mastercard by 1.2% during the 4th quarter. Regatta Capital Group LLC now owns 2,900 shares of the credit services provider’s stock valued at $1,527,000 after buying an additional 33 shares in the last quarter. Novare Capital Management LLC acquired a new position in Mastercard during the 4th quarter valued at about $203,000. Clarendon Private LLC purchased a new stake in Mastercard in the fourth quarter valued at about $1,411,000. Finally, Affinity Wealth Management LLC boosted its holdings in Mastercard by 2.3% in the fourth quarter. Affinity Wealth Management LLC now owns 16,026 shares of the credit services provider’s stock worth $8,439,000 after acquiring an additional 356 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 0.1 %

Shares of NYSE MA opened at $533.50 on Monday. The firm has a market cap of $489.66 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company’s 50-day simple moving average is $524.77 and its 200-day simple moving average is $497.46. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $537.70.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the firm posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio is currently 23.00%.

Mastercard announced that its board has initiated a share buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MA. Citigroup increased their price objective on shares of Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. UBS Group raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Piper Sandler raised their target price on Mastercard from $575.00 to $591.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $567.29.

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.