Tompkins Financial Corp Has $12.02 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Tompkins Financial Corp boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,818 shares of the credit services provider’s stock after acquiring an additional 201 shares during the period. Mastercard makes up approximately 1.1% of Tompkins Financial Corp’s investment portfolio, making the stock its 26th largest holding. Tompkins Financial Corp’s holdings in Mastercard were worth $12,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Highline Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the second quarter worth $34,000. First Personal Financial Services bought a new stake in Mastercard in the 3rd quarter valued at $39,000. Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Mastercard during the 3rd quarter worth about $54,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Macquarie upped their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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 report on Thursday, December 19th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Trading Up 0.1 %

Shares of Mastercard stock opened at $523.08 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day simple moving average of $524.17 and a two-hundred day simple moving average of $493.43. Mastercard Incorporated has a 1 year low of $425.48 and a 1 year high of $537.70. The company has a market capitalization of $480.10 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the company posted $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard Increases Dividend

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

Mastercard announced that its board has authorized a stock buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.