First American Bank Has $1.11 Million Stock Position in Mastercard Incorporated (NYSE:MA)

First American Bank lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 10.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,110 shares of the credit services provider’s stock after acquiring an additional 208 shares during the period. First American Bank’s holdings in Mastercard were worth $1,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter valued at about $30,000. First Personal Financial Services acquired a new position in Mastercard in the third quarter valued at about $39,000. FPC Investment Advisory Inc. raised its stake in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 58 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in Mastercard in the third quarter valued at about $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MA shares. Royal Bank of Canada lifted their target price on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley reduced their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock 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. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, UBS Group boosted their price target on 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Performance

NYSE:MA opened at $564.91 on Friday. The business’s 50-day moving average price is $541.87 and its two-hundred day moving average price is $516.37. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The stock has a market cap of $515.03 billion, a P/E ratio of 40.67, a PEG ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 21.89%.

Mastercard announced that its Board of Directors has authorized a share buyback program 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 repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally 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.