TD Asset Management Inc. Has $513.32 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

TD Asset Management Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 974,831 shares of the credit services provider’s stock after purchasing an additional 568 shares during the period. TD Asset Management Inc.’s holdings in Mastercard were worth $513,317,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC grew its position in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. increased its stake in shares of 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. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MA shares. KeyCorp upped their price objective on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays upped their price target on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Citigroup upped their target price on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Oppenheimer reduced their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Trading Up 1.5 %

Shares of MA stock opened at $543.82 on Tuesday. The firm has a fifty day moving average of $548.32 and a 200-day moving average of $525.42. The stock has a market cap of $495.81 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Mastercard 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.