TCI Wealth Advisors Inc. Lowers Stock Holdings in Mastercard Incorporated $MA

TCI Wealth Advisors Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 18.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,602 shares of the credit services provider’s stock after selling 352 shares during the period. TCI Wealth Advisors Inc.’s holdings in Mastercard were worth $900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard during the first quarter worth about $44,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.3%

Shares of NYSE MA opened at $567.36 on Friday. The firm’s 50-day moving average is $578.74 and its two-hundred day moving average is $559.77. The company has a market capitalization of $512.90 billion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MA shares. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Wells Fargo & Company upped their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $630.89.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,349 shares of company stock worth $21,372,994 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

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.