Concurrent Investment Advisors LLC Sells 693 Shares of Mastercard Incorporated (NYSE:MA)

Concurrent Investment Advisors LLC lessened its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,247 shares of the credit services provider's stock after selling 693 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Mastercard were worth $9,082,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider's stock worth $17,425,665,000 after purchasing an additional 257,312 shares in the last quarter. FMR LLC raised its position in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Mastercard by 2.5% in the third 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 last quarter. International Assets Investment Management LLC grew its position in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider's stock valued at $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider's stock worth $3,800,836,000 after purchasing an additional 304,293 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target for the company in a report on Tuesday, February 4th. Morgan Stanley reduced their target price on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their price target on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Mizuho increased 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. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $606.11.

Mastercard Price Performance

Shares of MA stock traded down $5.85 during trading hours on Friday, reaching $557.44. The company's stock had a trading volume of 1,620,907 shares, compared to its average volume of 2,559,466. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The firm's 50 day simple moving average is $538.41 and its 200-day simple moving average is $512.53. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $511.63 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 2.39 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio is 21.89%.

Mastercard announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.