PNC Financial Services Group Inc. Sells 10,825 Shares of Mastercard Incorporated (NYSE:MA)

PNC Financial Services Group Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847,648 shares of the credit services provider's stock after selling 10,825 shares during the period. PNC Financial Services Group Inc. owned approximately 0.09% of Mastercard worth $446,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Addison Advisors LLC boosted its stake in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Mastercard by 0.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after acquiring an additional 19 shares during the period. Capital Investment Services of America Inc. boosted its stake in shares of Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after acquiring an additional 19 shares during the period. Augustine Asset Management Inc. boosted its stake in shares of Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after acquiring an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC boosted its stake in Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MA. Jefferies Financial Group boosted their price target on Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Royal Bank of Canada boosted their price target on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price target on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Raymond James restated an "outperform" rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target for the company in a research note on Tuesday, February 4th. Four investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $606.11.

Mastercard Price Performance

MA traded down $2.84 on Friday, reaching $546.98. The stock had a trading volume of 3,161,263 shares, compared to its average volume of 2,646,326. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The firm has a 50-day moving average of $545.15 and a 200-day moving average of $520.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $498.68 billion, a price-to-earnings ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results 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%. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. Mastercard's payout ratio is 21.89%.

Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is 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.