Gryphon Financial Partners LLC Purchases 47 Shares of Mastercard Incorporated (NYSE:MA)

Gryphon Financial Partners LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,163 shares of the credit services provider’s stock after acquiring an additional 47 shares during the period. Mastercard accounts for 0.7% of Gryphon Financial Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Gryphon Financial Partners LLC’s holdings in Mastercard were worth $4,825,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Mastercard by 0.7% in the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after purchasing an additional 257,312 shares during the period. FMR LLC lifted its position in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after acquiring an additional 700,769 shares during the period. Geode Capital Management LLC lifted its position in 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 during the period. Franklin Resources Inc. lifted its position in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after acquiring an additional 304,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Mastercard by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock valued at $3,115,228,000 after acquiring an additional 64,456 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $576.08 on Monday. The firm has a 50 day moving average of $542.83 and a 200 day moving average of $518.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $525.22 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $576.94.

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

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MA shares. UBS Group lifted their price target 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. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Citigroup lifted their target price on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, 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 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.