NBT Bank N A NY Has $3.70 Million Position in Mastercard Incorporated (NYSE:MA)

NBT Bank N A NY grew its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,029 shares of the credit services provider’s stock after purchasing an additional 31 shares during the quarter. NBT Bank N A NY’s holdings in Mastercard were worth $3,701,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. NewSquare Capital LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the fourth quarter worth approximately $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the fourth quarter worth approximately $30,000. FPC Investment Advisory Inc. lifted its holdings in Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the last quarter. Finally, First Personal Financial Services bought a new stake in Mastercard in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $546.98 on Monday. The stock’s 50-day moving average is $545.15 and its 200-day moving average is $521.14. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $498.68 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly 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 net margin of 45.71% and a return on equity of 188.47%. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard declared that its Board of Directors has initiated a share buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Oppenheimer decreased their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. KeyCorp lifted their price objective on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.