TD Asset Management Inc Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

Key Points

• TD Asset Management Inc increased its stake in Mastercard by 2.3%, owning approximately 997,318 shares worth $546.65 million as of the latest filing.
• Insider transactions included Craig Vosburg selling 9,428 shares at $353.05, while Julius Genachowski sold 312 shares at $570.67, marking a decrease in their respective ownerships.
• Mastercard has a current consensus rating of "Moderate Buy" from analysts, with a price target averaging $612.90.

TD Asset Management Inc increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 997,318 shares of the credit services provider's stock after acquiring an additional 22,487 shares during the quarter. TD Asset Management Inc owned approximately 0.11% of Mastercard worth $546,650,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Mastercard during the 4th quarter worth about $73,000. Trustco Bank Corp N Y purchased a new position in shares of Mastercard during the 4th quarter worth about $211,000. Finally, Financial Engines Advisors L.L.C. increased its position in Mastercard by 8.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 1,929 shares of the credit services provider's stock worth $1,016,000 after purchasing an additional 144 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA traded down $1.57 during midday trading on Wednesday, hitting $561.75. 1,254,931 shares of the company's stock were exchanged, compared to its average volume of 2,806,154. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 12 month low of $439.59 and a 12 month high of $594.71. The company's 50 day moving average price is $564.93 and its 200 day moving average price is $550.91. The firm has a market capitalization of $512.15 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 EPS. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MA shares. Macquarie lowered their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $650.00 target price on shares of Mastercard in a report on Tuesday, July 15th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $612.90.

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.