M&T Bank Corp Has $226.64 Million Stock Position in Mastercard Incorporated (NYSE:MA)

M&T Bank Corp trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,401 shares of the credit services provider's stock after selling 12,028 shares during the period. Mastercard comprises approximately 0.8% of M&T Bank Corp's portfolio, making the stock its 26th biggest holding. M&T Bank Corp's holdings in Mastercard were worth $226,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Addison Advisors LLC boosted its holdings in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares during the period. Capital Investment Advisory Services LLC increased its holdings in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after purchasing an additional 19 shares during the period. Capital Investment Services of America Inc. raised its position in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after buying an additional 19 shares in the last quarter. Augustine Asset Management Inc. boosted its stake in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC grew its position in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MA shares. Wells Fargo & Company upped their target price on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, TD Cowen lifted 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. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $606.11.

Mastercard Trading Up 0.7 %

NYSE MA traded up $3.74 on Wednesday, reaching $558.81. The company had a trading volume of 2,795,351 shares, compared to its average volume of 2,622,472. The firm has a market cap of $509.47 billion, a price-to-earnings ratio of 40.23, a P/E/G ratio of 2.37 and a beta of 1.10. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The business has a 50 day moving average of $544.58 and a two-hundred day moving average of $519.64.

Mastercard (NYSE:MA - Get Free Report) 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%. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Mastercard declared that its board has initiated a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.