Condor Capital Management Sells 250 Shares of Mastercard Incorporated (NYSE:MA)

Condor Capital Management lowered its stake in Mastercard Incorporated (NYSE:MA) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,509 shares of the credit services provider’s stock after selling 250 shares during the period. Condor Capital Management’s holdings in Mastercard were worth $8,167,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Swedbank AB grew its position in shares of Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after purchasing an additional 241,297 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after acquiring an additional 138,842 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of Mastercard by 2.0% during the 3rd quarter. Prospera Financial Services Inc now owns 10,091 shares of the credit services provider’s stock worth $4,990,000 after acquiring an additional 196 shares during the period. BIP Wealth LLC lifted its holdings in shares of Mastercard by 29.3% during the 3rd quarter. BIP Wealth LLC now owns 985 shares of the credit services provider’s stock worth $486,000 after acquiring an additional 223 shares during the period. Finally, Premier Fund Managers Ltd lifted its stake in Mastercard by 8.3% in the 3rd quarter. Premier Fund Managers Ltd now owns 28,067 shares of the credit services provider’s stock valued at $13,847,000 after purchasing an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.1 %

MA opened at $535.93 on Thursday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. 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 cap of $488.61 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a fifty day moving average price of $546.56 and a two-hundred day moving average price of $523.92.

Mastercard (NYSE:MA) last posted 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 net margin of 45.71% and a return on equity of 188.47%. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its board 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 purchase 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.

Mastercard Dividend Announcement

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. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Macquarie raised their target price on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. KeyCorp raised their target price on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group raised their target price on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $606.11.

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.