Avior Wealth Management LLC Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Avior Wealth Management LLC lowered its stake in Mastercard Incorporated (NYSE:MAFree Report) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,648 shares of the credit services provider’s stock after selling 1,377 shares during the quarter. Avior Wealth Management LLC’s holdings in Mastercard were worth $5,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Raleigh Capital Management Inc. grew its stake in shares of Mastercard by 9.1% during the 4th quarter. Raleigh Capital Management Inc. now owns 614 shares of the credit services provider’s stock valued at $323,000 after purchasing an additional 51 shares during the period. D.B. Root & Company LLC boosted its holdings in shares of Mastercard by 2.9% in the fourth quarter. D.B. Root & Company LLC now owns 2,763 shares of the credit services provider’s stock worth $1,455,000 after buying an additional 78 shares during the last quarter. Echo45 Advisors LLC grew its position in Mastercard by 3.6% during the fourth quarter. Echo45 Advisors LLC now owns 824 shares of the credit services provider’s stock valued at $430,000 after buying an additional 29 shares during the period. True North Advisors LLC increased its holdings in Mastercard by 4.9% during the fourth quarter. True North Advisors LLC now owns 1,338 shares of the credit services provider’s stock valued at $705,000 after buying an additional 62 shares during the last quarter. Finally, Traynor Capital Management Inc. boosted its stake in shares of Mastercard by 62.8% during the 4th quarter. Traynor Capital Management Inc. now owns 757 shares of the credit services provider’s stock worth $399,000 after acquiring an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MA. JPMorgan Chase & Co. reduced their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Mizuho raised their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup increased their price target on Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Finally, TD Cowen lifted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four investment 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 stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $566.63.

Check Out Our Latest Report on Mastercard

Mastercard Price Performance

MA opened at $527.02 on Thursday. The firm has a market capitalization of $483.72 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50-day moving average is $524.27 and its two-hundred day moving average is $496.23. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $537.70.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Research analysts anticipate 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. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 23.00%.

Mastercard declared that its board has initiated a stock 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Mastercard 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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