Chicago Partners Investment Group LLC Purchases 874 Shares of Mastercard Incorporated (MA)
Chicago Partners Investment Group LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 1,365.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 938 shares of the credit services provider’s stock after buying an additional 874 shares during the period. Chicago Partners Investment Group LLC’s holdings in Mastercard were worth $105,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Personal Capital Advisors Corp lifted its holdings in Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after purchasing an additional 8,670 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in Mastercard by 1.2% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares in the last quarter. IBM Retirement Fund lifted its holdings in Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after purchasing an additional 9,397 shares in the last quarter. Oribel Capital Management LP purchased a new stake in Mastercard during the 1st quarter worth about $5,849,000. Finally, Puzo Michael J lifted its holdings in Mastercard by 0.4% during the 2nd quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after purchasing an additional 213 shares in the last quarter. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Mastercard Incorporated (MA) opened at 141.20 on Friday. Mastercard Incorporated has a one year low of $99.51 and a one year high of $143.59. The stock has a market capitalization of $150.36 billion, a PE ratio of 35.04 and a beta of 1.18. The company’s 50-day moving average price is $133.90 and its 200 day moving average price is $122.61.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post $4.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.62%. Mastercard’s payout ratio is currently 21.78%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Thursday, September 21st. Royal Bank Of Canada reissued a “buy” rating and set a $156.00 price objective on shares of Mastercard in a report on Friday, September 22nd. Morgan Stanley reissued an “overweight” rating and set a $160.00 price objective (up previously from $138.00) on shares of Mastercard in a report on Tuesday, September 19th. Cantor Fitzgerald assumed coverage on Mastercard in a report on Thursday. They set an “overweight” rating and a $165.00 price objective on the stock. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $142.34.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 864,668 shares of company stock worth $111,589,106 over the last three months. 0.30% of the stock is currently owned by insiders.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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