BOK Financial Private Wealth Inc. Sells 609 Shares of Mastercard Incorporated (NYSE:MA)

BOK Financial Private Wealth Inc. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,214 shares of the credit services provider’s stock after selling 609 shares during the period. Mastercard makes up 0.4% of BOK Financial Private Wealth Inc.’s investment portfolio, making the stock its 27th largest holding. BOK Financial Private Wealth Inc.’s holdings in Mastercard were worth $5,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Addison Advisors LLC raised its position in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after purchasing an additional 18 shares during the period. Capital Investment Advisory Services LLC raised its position in shares of Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after purchasing an additional 19 shares during the period. Capital Investment Services of America Inc. raised its position in shares of Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. raised its position in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC raised its position in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MA shares. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research report on Tuesday, February 4th. Oppenheimer lowered their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. 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 report on Friday, January 31st. Finally, Raymond James reissued an “outperform” rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Price Performance

Shares of Mastercard stock opened at $546.98 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day simple moving average is $545.15 and its two-hundred day simple moving average is $520.77. The stock has a market capitalization of $498.68 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard announced that its Board of Directors has authorized a share buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board 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.