Wintrust Investments LLC Purchases New Stake in Mastercard Incorporated (NYSE:MA)

Wintrust Investments LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 672 shares of the credit services provider’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ERTS Wealth Advisors LLC boosted its holdings in Mastercard by 1.9% during the 2nd quarter. ERTS Wealth Advisors LLC now owns 1,376 shares of the credit services provider’s stock valued at $541,000 after acquiring an additional 25 shares during the period. Werba Rubin Papier Wealth Management boosted its holdings in Mastercard by 3.0% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 869 shares of the credit services provider’s stock valued at $342,000 after acquiring an additional 25 shares during the period. Acropolis Investment Management LLC boosted its holdings in Mastercard by 1.6% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,677 shares of the credit services provider’s stock valued at $660,000 after acquiring an additional 26 shares during the period. New World Advisors LLC boosted its holdings in Mastercard by 2.0% during the 2nd quarter. New World Advisors LLC now owns 1,300 shares of the credit services provider’s stock valued at $511,000 after acquiring an additional 26 shares during the period. Finally, Archer Investment Corp boosted its holdings in Mastercard by 0.8% during the 1st quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock valued at $1,209,000 after acquiring an additional 27 shares during the period. 74.94% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.8 %

NYSE:MA opened at $400.31 on Friday. The firm has a market cap of $375.40 billion, a P/E ratio of 34.87, a PEG ratio of 1.79 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.24. The stock’s 50 day simple moving average is $395.21 and its 200-day simple moving average is $391.43. Mastercard Incorporated has a 12-month low of $336.43 and a 12-month high of $418.60.

Mastercard (NYSE:MA) last posted its quarterly 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 return on equity of 188.83% and a net margin of 44.85%. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same period in the previous year, the business earned $2.68 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts anticipate 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 $0.57 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.

Insider Activity at Mastercard

In other Mastercard news, insider Timothy H. Murphy sold 7,419 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now directly owns 39,007 shares in the company, valued at $15,496,700.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mastercard news, insider Timothy H. Murphy sold 7,419 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now directly owns 39,007 shares in the company, valued at $15,496,700.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 125,816 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total value of $47,489,249.20. Following the sale, the insider now owns 98,424,221 shares in the company, valued at $37,150,222,216.45. The disclosure for this sale can be found here. Insiders have sold a total of 533,424 shares of company stock worth $206,051,295 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho lowered their target price on Mastercard from $435.00 to $420.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Robert W. Baird lifted their price objective on Mastercard from $435.00 to $450.00 in a research note on Friday, July 28th. BMO Capital Markets decreased their price objective on Mastercard from $488.00 to $472.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Jefferies Financial Group lifted their price objective on Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Finally, Barclays decreased their price objective on Mastercard from $479.00 to $470.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $450.09.

Mastercard Company Profile

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.