Wintrust Investments LLC Acquires Shares of 672 Mastercard Incorporated (NYSE:MA)

Wintrust Investments LLC bought a new position in Mastercard Incorporated (NYSE:MAFree Report) during the 2nd quarter, Holdings Channel reports. The firm bought 672 shares of the credit services provider’s stock, valued at approximately $264,000.

Several other institutional investors have also recently bought and sold shares of MA. ERTS Wealth Advisors LLC grew its holdings in Mastercard by 1.9% during the second quarter. ERTS Wealth Advisors LLC now owns 1,376 shares of the credit services provider’s stock worth $541,000 after purchasing an additional 25 shares during the period. Werba Rubin Papier Wealth Management grew its holdings in Mastercard by 3.0% during the second quarter. Werba Rubin Papier Wealth Management now owns 869 shares of the credit services provider’s stock worth $342,000 after purchasing an additional 25 shares during the period. Acropolis Investment Management LLC lifted its position in Mastercard by 1.6% during the second quarter. Acropolis Investment Management LLC now owns 1,677 shares of the credit services provider’s stock worth $660,000 after acquiring an additional 26 shares during the last quarter. New World Advisors LLC lifted its position in Mastercard by 2.0% during the second quarter. New World Advisors LLC now owns 1,300 shares of the credit services provider’s stock worth $511,000 after acquiring an additional 26 shares during the last quarter. Finally, Archer Investment Corp lifted its position in Mastercard by 0.8% during the first quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock worth $1,209,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 74.94% of the company’s stock.

Insider Activity at Mastercard

In related news, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $413.13, for a total transaction of $1,652,520.00. Following the sale, the insider now directly owns 6,235 shares in the company, valued at approximately $2,575,865.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $413.13, for a total transaction of $1,652,520.00. Following the sale, the insider now directly owns 6,235 shares in the company, valued at approximately $2,575,865.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard K. Davis purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $390.96 per share, for a total transaction of $390,960.00. Following the completion of the purchase, the director now directly owns 9,743 shares in the company, valued at approximately $3,809,123.28. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 533,424 shares of company stock worth $206,051,295. 0.13% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.8 %

Mastercard stock opened at $400.31 on Friday. Mastercard Incorporated has a twelve month low of $336.43 and a twelve month high of $418.60. The firm has a 50 day moving average price of $395.21 and a 200-day moving average price of $391.43. The company has a market capitalization of $375.40 billion, a P/E ratio of 34.87, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.24.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.18. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same period in the prior year, the firm earned $2.68 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, equities analysts predict that Mastercard Incorporated will post 12.16 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is currently 19.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Credit Suisse Group raised their price objective on shares of Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Citigroup raised their price objective on shares of Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Susquehanna lifted their price target on shares of Mastercard from $433.00 to $486.00 and gave the company a “positive” rating in a research report on Friday, July 28th. Seaport Res Ptn reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, October 12th. Finally, Royal Bank of Canada dropped their price target on shares of Mastercard from $441.00 to $432.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $450.09.

Get Our Latest Report on MA

Mastercard Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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