816 Shares in Mastercard Incorporated (NYSE:MA) Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 816 shares of the credit services provider’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. International Assets Investment Management LLC lifted its position in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Bank of Montreal Can increased its position in Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after buying an additional 1,965,782 shares during the period. FMR LLC lifted its holdings in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mastercard by 2.5% in the third 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. Finally, Montrusco Bolton Investments Inc. grew its stake in shares of Mastercard by 52.8% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after acquiring an additional 409,334 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MA shares. Royal Bank of Canada upped their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price for the company in a research note on Friday, January 31st. KeyCorp boosted their price target on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. BMO Capital Markets raised their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lowered their price objective on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Four research 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 company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $603.08.

Mastercard Price Performance

Mastercard stock opened at $562.55 on Friday. The business’s fifty day moving average is $531.02 and its two-hundred day moving average is $504.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. The firm has a market cap of $516.33 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94.

Mastercard (NYSE:MA) last issued its quarterly 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 net margin of 45.71% and a return on equity of 188.47%. Equities research analysts forecast that Mastercard Incorporated will post 16.04 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were paid a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, January 10th. Mastercard’s dividend payout ratio is 21.89%.

Mastercard declared that its board has initiated a stock repurchase program 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 buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.