Jag Capital Management LLC Sells 7,265 Shares of Mastercard Incorporated (NYSE:MA)

Jag Capital Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,462 shares of the credit services provider’s stock after selling 7,265 shares during the period. Mastercard comprises 2.8% of Jag Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Jag Capital Management LLC’s holdings in Mastercard were worth $19,726,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $32,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at approximately $39,000. FPC Investment Advisory Inc. lifted its holdings in shares of Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after buying an additional 58 shares during the period. Finally, Highline Wealth Partners LLC lifted its holdings in shares of Mastercard by 72.5% in the 4th quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock valued at $46,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.3 %

Shares of MA opened at $574.39 on Tuesday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The firm’s 50 day moving average is $543.74 and its 200-day moving average is $518.76. The stock has a market capitalization of $523.68 billion, a PE ratio of 41.35, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MA. UBS Group lifted their price objective on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. KeyCorp raised their price target on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Tigress Financial lifted their price objective on Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 13th. Finally, 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 report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Company 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.