Investment Centers of America Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the credit services provider’s stock after selling 292 shares during the quarter. Investment Centers of America Inc.’s holdings in Mastercard were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boys Arnold & Co. Inc. grew its position in Mastercard by 7.8% during the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after buying an additional 363 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Mastercard during the second quarter worth about $2,351,000. Baldwin Investment Management LLC grew its position in Mastercard by 5.9% during the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after buying an additional 200 shares during the period. Personal Capital Advisors Corp grew its position in Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after buying an additional 8,670 shares during the period. Finally, IBM Retirement Fund grew its position in Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after buying an additional 9,397 shares during the period. Institutional investors own 76.21% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) opened at $149.69 on Tuesday. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $152.00. The stock has a market cap of $158,312.31, a price-to-earnings ratio of 34.70, a PEG ratio of 1.99 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is currently 20.47%.

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Several analysts have recently commented on MA shares. Oppenheimer Holdings, Inc. increased their price target on shares of Mastercard and gave the company an “outperform” rating in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $147.00 price target (up from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Loop Capital increased their price target on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets increased their price target on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $137.00 price target (up from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $157.68.

In related news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were 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 disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,582,984 in the last three months. Company insiders own 0.30% of the company’s stock.

Mastercard Company Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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