Bank of Jackson Hole Trust Invests $89,000 in Mastercard Incorporated (NYSE:MA)

Bank of Jackson Hole Trust purchased a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 169 shares of the credit services provider’s stock, valued at approximately $89,000.

Several other institutional investors have also recently made changes to their positions in MA. Swedbank AB increased its stake in Mastercard by 14.8% in the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock valued at $925,662,000 after acquiring an additional 241,297 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Mastercard by 5.8% in the third quarter. Raleigh Capital Management Inc. now owns 563 shares of the credit services provider’s stock valued at $278,000 after acquiring an additional 31 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Mastercard by 17.3% in the third quarter. Sequoia Financial Advisors LLC now owns 18,467 shares of the credit services provider’s stock valued at $9,119,000 after acquiring an additional 2,721 shares during the last quarter. Metropolis Capital Ltd increased its stake in Mastercard by 19.2% in the third quarter. Metropolis Capital Ltd now owns 395,189 shares of the credit services provider’s stock valued at $195,144,000 after acquiring an additional 63,541 shares during the last quarter. Finally, Pictet North America Advisors SA increased its stake in Mastercard by 1.8% in the third quarter. Pictet North America Advisors SA now owns 15,488 shares of the credit services provider’s stock valued at $7,648,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MA. TD Cowen upped their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie upped their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

Shares of NYSE MA opened at $568.97 on Thursday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The company has a 50 day simple moving average of $537.79 and a two-hundred day simple moving average of $512.17. The company has a market capitalization of $522.22 billion, a price-to-earnings ratio of 40.96, 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 quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

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.