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

TCI Wealth Advisors Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,014 shares of the credit services provider’s stock after selling 160 shares during the period. TCI Wealth Advisors Inc.’s holdings in Mastercard were worth $1,285,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares in the last quarter. Royal Bank of Canada increased its position in shares of Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after purchasing an additional 56,642 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mastercard by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after purchasing an additional 16,019 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.6 %

Shares of NYSE:MA traded up $2.48 during trading on Friday, hitting $443.58. The stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The company has a market capitalization of $413.81 billion, a PE ratio of 35.26, a PEG ratio of 1.72 and a beta of 1.08. The firm’s fifty day moving average is $469.57 and its 200 day moving average is $438.31. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $2.80 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is 20.99%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 583,088 shares of company stock valued at $266,873,978 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MA. Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Raymond James increased their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Oppenheimer restated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $493.55.

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.