Mastercard Incorporated (NYSE:MA) Shares Purchased by First American Bank

First American Bank raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,110 shares of the credit services provider’s stock after buying an additional 208 shares during the period. First American Bank’s holdings in Mastercard were worth $1,111,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the fourth quarter worth about $30,000. First Personal Financial Services acquired a new position in shares of Mastercard in the third quarter worth about $39,000. FPC Investment Advisory Inc. boosted its holdings in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of Mastercard in the third quarter worth about $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $564.91 on Friday. 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 company has a market capitalization of $515.03 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company’s 50 day moving average price is $541.87 and its two-hundred day moving average price is $516.37. 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 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%. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its board has approved a share buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Macquarie raised their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Susquehanna raised their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, UBS Group lifted their target price on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.