TCI Wealth Advisors Inc. Decreases Holdings in Mastercard Incorporated (NYSE:MA)

TCI Wealth Advisors Inc. lowered its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,788 shares of the credit services provider’s stock after selling 241 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Mastercard were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC grew its stake in Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Mastercard by 51.7% in the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after acquiring an additional 1,965,782 shares during the period. FMR LLC grew its position in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after acquiring an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its position in Mastercard by 52.8% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after purchasing an additional 409,334 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Oppenheimer lowered their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets lifted 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. Morgan Stanley increased their price objective on Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, TD Cowen boosted their target price on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $567.29.

Check Out Our Latest Research Report on MA

Mastercard Stock Performance

NYSE:MA opened at $564.81 on Friday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The firm has a market capitalization of $518.40 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.17 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm’s fifty day simple moving average is $527.58 and its 200 day simple moving average is $500.25.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. As a group, equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 23.00%.

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

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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