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

Keybank National Association OH lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 441,517 shares of the credit services provider's stock after selling 3,077 shares during the period. Mastercard makes up about 0.9% of Keybank National Association OH's investment portfolio, making the stock its 20th largest holding. Keybank National Association OH's holdings in Mastercard were worth $232,490,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Swedbank AB grew its position in Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider's stock worth $925,662,000 after purchasing an additional 241,297 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Mastercard by 20.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 511 shares of the credit services provider's stock worth $252,000 after buying an additional 87 shares during the period. Princeton Global Asset Management LLC grew its holdings in shares of Mastercard by 422.7% during the third quarter. Princeton Global Asset Management LLC now owns 230 shares of the credit services provider's stock valued at $114,000 after buying an additional 186 shares in the last quarter. Pure Financial Advisors LLC raised its position in Mastercard by 6.6% during the third quarter. Pure Financial Advisors LLC now owns 1,044 shares of the credit services provider's stock valued at $516,000 after buying an additional 65 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Mastercard by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 177,896 shares of the credit services provider's stock worth $91,390,000 after acquiring an additional 16,556 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. William Blair reaffirmed an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. TD Cowen upped their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Raymond James reiterated an "outperform" rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Morgan Stanley lowered their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods increased their price objective 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 assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $606.11.

Mastercard Stock Performance

Mastercard stock traded up $3.74 on Wednesday, hitting $558.81. The company's stock had a trading volume of 2,756,007 shares, compared to its average volume of 2,600,068. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The firm has a market cap of $509.47 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a fifty day moving average price of $544.12 and a 200-day moving average price of $519.37.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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 reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Mastercard Dividend Announcement

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

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.