Private Trust Co. NA Has $5.17 Million Holdings in Mastercard Incorporated (NYSE:MA)

Private Trust Co. NA lessened its holdings in Mastercard Incorporated (NYSE:MA) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,826 shares of the credit services provider’s stock after selling 1,280 shares during the quarter. Mastercard accounts for approximately 0.5% of Private Trust Co. NA’s investment portfolio, making the stock its 27th biggest holding. Private Trust Co. NA’s holdings in Mastercard were worth $5,174,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MA. Swedbank AB boosted its holdings in shares of Mastercard by 14.8% during the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after acquiring an additional 241,297 shares during the period. Eagle Strategies LLC lifted its stake in Mastercard by 4.5% in the 3rd quarter. Eagle Strategies LLC now owns 533 shares of the credit services provider’s stock valued at $263,000 after purchasing an additional 23 shares during the last quarter. Mutual Advisors LLC raised its position in Mastercard by 2.4% in the third quarter. Mutual Advisors LLC now owns 6,115 shares of the credit services provider’s stock valued at $3,122,000 after purchasing an additional 141 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Mastercard by 20.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 466 shares of the credit services provider’s stock worth $230,000 after acquiring an additional 80 shares during the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter valued at $25,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Mizuho increased their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna increased their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Finally, Oppenheimer reduced their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

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 firm has a 50 day moving average price of $541.87 and a 200-day moving average price of $516.37. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The firm has a market capitalization of $515.03 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.37 and a beta of 1.10.

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

Mastercard Dividend Announcement

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

Mastercard declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.