Choate Investment Advisors Increases Stake in Mastercard Incorporated

Choate Investment Advisors has recently increased its investment in Mastercard Incorporated (NYSE: MA) by 15.8% during the fourth quarter. According to the firm’s latest filing with the Securities and Exchange Commission, they now hold a total of 47,040 shares of the credit services provider's stock after acquiring an additional 6,412 shares during this period. This increase reflects that Mastercard represents 0.6% of Choate Investment Advisors' overall investment portfolio, making it their 26th largest holding. The value of Choate’s holdings in Mastercard stands at approximately $24,770,000 as per their latest report.

Other Institutional Investments

In addition to Choate Investment Advisors, several other institutional investors and hedge funds have recently adjusted their positions in Mastercard. For instance, Addison Advisors LLC raised its shares in Mastercard by 3.8% during the same quarter, holding now 493 shares valued at $260,000 after buying 18 additional shares. Capital Investment Advisory Services LLC also increased its holdings by 0.6%, owning 3,135 shares worth $1,651,000 following a purchase of 19 shares. Meanwhile, Capital Investment Services of America Inc. climbed its stake by 4.2%, now owning 475 shares valued at $250,000 after acquiring 19 shares. Augustine Asset Management Inc. and Richard W. Paul & Associates LLC increased their holdings by 1.1% and 0.9%, respectively. Currently, institutional investors and hedge funds collectively own 97.28% of Mastercard's stock.

Analysts' Perspectives

Recent analysis from various equities research analysts has led to updated price targets for Mastercard shares. Wells Fargo & Company raised their target price from $585.00 to $625.00 while maintaining an "overweight" rating. Barclays also increased its price target from $595.00 to $650.00, giving the company an