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

NBT Bank N A NY grew its holdings in Mastercard Incorporated (NYSE:MA) by 0.4% during the fourth quarter, according to its most recent 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 filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter valued at $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $30,000. FPC Investment Advisory Inc. boosted its stake in Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 58 shares in the last quarter. Finally, First Personal Financial Services acquired a new stake in Mastercard in the third quarter worth $39,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $546.98 on Monday. The company has a market capitalization 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. The company’s 50-day moving average is $545.15 and its 200 day moving average is $521.14. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 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 year.

Mastercard announced that its Board of Directors has initiated a stock buyback 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 purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard’s payout ratio is 21.89%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MA shares. Barclays upped their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group upped their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. TD Cowen raised their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $606.11.

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.