iA Global Asset Management Inc. Has $137.21 Million Position in Mastercard Incorporated (NYSE:MA)

iA Global Asset Management Inc. lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,577 shares of the credit services provider's stock after buying an additional 33,111 shares during the quarter. Mastercard makes up about 2.4% of iA Global Asset Management Inc.'s holdings, making the stock its 9th biggest holding. iA Global Asset Management Inc.'s holdings in Mastercard were worth $137,212,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd grew its stake in shares of 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 worth $1,385,383,000 after acquiring an additional 62,891 shares during the last quarter. Cardano Risk Management B.V. grew its position in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock valued at $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Dock Street Asset Management Inc. increased its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Nordea Investment Management AB raised its holdings in Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after buying an additional 337,905 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mastercard by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock worth $2,474,151,000 after buying an additional 100,550 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. William Blair reissued an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Citigroup boosted their price target on Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $606.11.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

NYSE:MA traded up $8.13 on Monday, reaching $543.82. 2,758,655 shares of the company's stock traded hands, compared to its average volume of 2,377,778. The stock has a 50-day simple moving average of $548.32 and a 200-day simple moving average of $525.42. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The firm has a market cap of $495.81 billion, a PE ratio of 39.15, a P/E/G 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.

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

Mastercard Announces Dividend

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. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

Mastercard announced that its board has initiated a share buyback program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding 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 often an indication that the company's board of directors 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.