Tompkins Financial Corp Acquires 201 Shares of Mastercard Incorporated (NYSE:MA)

Tompkins Financial Corp boosted its holdings in Mastercard Incorporated (NYSE:MA) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,818 shares of the credit services provider’s stock after acquiring an additional 201 shares during the period. Mastercard comprises 1.1% of Tompkins Financial Corp’s holdings, making the stock its 26th biggest position. Tompkins Financial Corp’s holdings in Mastercard were worth $12,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its position in shares of Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after buying an additional 257,312 shares in the last quarter. FMR LLC increased its stake in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the period. Geode Capital Management LLC raised its holdings in Mastercard by 2.5% in 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 in the last quarter. International Assets Investment Management LLC raised its holdings in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of 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. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. UBS Group increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays boosted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Citigroup raised their target price on Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

Mastercard Trading Up 0.1 %

Shares of NYSE MA opened at $523.08 on Friday. The firm has a 50 day moving average price of $524.17 and a two-hundred day moving average price of $493.43. The stock has a market cap of $480.10 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $425.48 and a 52-week high of $537.70. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.39 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Mastercard announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is 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.