Great Lakes Advisors LLC Has $22.14 Million Position in Mastercard Incorporated (NYSE:MA)

Great Lakes Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,036 shares of the credit services provider's stock after selling 1,531 shares during the quarter. Great Lakes Advisors LLC's holdings in Mastercard were worth $22,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC increased its position in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the period. Hopwood Financial Services Inc. bought a new position in shares of Mastercard during the 4th quarter worth approximately $206,000. Parkworth Wealth Management Inc. bought a new position in shares of Mastercard during the 4th quarter worth approximately $42,000. Knuff & Co LLC lifted its holdings in shares of Mastercard by 20.7% in the 4th quarter. Knuff & Co LLC now owns 2,107 shares of the credit services provider's stock worth $1,109,000 after purchasing an additional 362 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Mastercard by 30.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,836 shares of the credit services provider's stock worth $3,600,000 after purchasing an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Seaport Res Ptn lowered Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. BMO Capital Markets increased their price target on Mastercard from $550.00 to $565.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Royal Bank of Canada raised their target price on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Barclays raised their target price on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $606.11.

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Mastercard Price Performance

MA opened at $526.11 on Wednesday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. 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 firm has a market cap of $479.66 billion, a price-to-earnings ratio of 37.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company's 50-day moving average price is $545.34 and its 200 day moving average price is $522.03.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's payout ratio is presently 21.89%.

Mastercard announced that its board has initiated a stock repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

About Mastercard

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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