Keybank National Association OH Has $232.49 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Keybank National Association OH cut its holdings in Mastercard Incorporated (NYSE:MA) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,517 shares of the credit services provider’s stock after selling 3,077 shares during the quarter. Mastercard makes up 0.9% of Keybank National Association OH’s holdings, making the stock its 20th biggest holding. Keybank National Association OH’s holdings in Mastercard were worth $232,490,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MA. Commerzbank Aktiengesellschaft FI raised its position in shares of Mastercard by 46.4% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 35,701 shares of the credit services provider’s stock worth $18,799,000 after acquiring an additional 11,318 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mastercard by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,175,730 shares of the credit services provider’s stock worth $2,725,384,000 after purchasing an additional 165,300 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after acquiring an additional 1,194 shares during the period. Gryphon Financial Partners LLC grew its stake in Mastercard by 0.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 9,163 shares of the credit services provider’s stock valued at $4,825,000 after acquiring an additional 47 shares during the period. Finally, Meridian Wealth Management LLC grew its stake in Mastercard by 6.8% in the fourth quarter. Meridian Wealth Management LLC now owns 12,436 shares of the credit services provider’s stock valued at $6,549,000 after acquiring an additional 797 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 0.3 %

Shares of MA stock opened at $574.39 on Tuesday. The stock has a market capitalization of $523.68 billion, a PE ratio of 41.35, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The business has a 50-day moving average of $543.74 and a 200 day moving average of $518.76. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 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%. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared 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. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its Board of Directors has initiated a stock 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 buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Oppenheimer dropped their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Tigress Financial lifted their price target on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price target on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted their price target on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.