Trinity Financial Advisors LLC Purchases 140 Shares of Mastercard Incorporated (NYSE:MA)

Trinity Financial Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713 shares of the credit services provider’s stock after purchasing an additional 140 shares during the period. Trinity Financial Advisors LLC’s holdings in Mastercard were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Temasek Holdings Private Ltd boosted its position in Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after buying an additional 62,891 shares in the last quarter. Sarasin & Partners LLP lifted its stake in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after acquiring an additional 37,486 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. Nordea Investment Management AB grew its position in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after acquiring an additional 337,905 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after purchasing an additional 138,842 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 2.0 %

NYSE:MA traded down $10.12 on Friday, hitting $505.52. The stock had a trading volume of 2,799,509 shares, compared to its average volume of 2,321,701. The company has a market cap of $463.98 billion, a PE ratio of 38.24, a P/E/G ratio of 2.36 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 business’s fifty day moving average is $524.15 and its 200 day moving average is $491.44. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.39 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has approved a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is currently 23.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MA. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. KeyCorp upped their price target on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets increased their price objective on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Oppenheimer reduced their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $562.76.

Mastercard Company 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.