Rothschild Investment Corp IL continued to hold its position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, Holdings Channel reports. The institutional investor owned 19,595 shares of the credit services provider’s stock at the end of the second quarter. Rothschild Investment Corp IL’s holdings in Mastercard were worth $2,380,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Glassman Wealth Services increased its position in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after buying an additional 6 shares in the last quarter. Norway Savings Bank increased its position in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Genesee Valley Trust Co. increased its position in shares of Mastercard by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after buying an additional 18 shares in the last quarter. Concert Wealth Management Inc. increased its position in shares of Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after buying an additional 18 shares in the last quarter. Finally, Welch Group LLC increased its position in shares of Mastercard by 1.2% in the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock worth $183,000 after buying an additional 20 shares in the last quarter. Institutional investors own 75.76% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) traded up 0.69% on Friday, reaching $128.55. The company had a trading volume of 2,484,529 shares. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.20. The firm has a market capitalization of $136.89 billion, a price-to-earnings ratio of 31.90 and a beta of 1.17. The firm has a 50-day moving average price of $126.59 and a 200 day moving average price of $117.50.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. Equities research analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s payout ratio is 21.78%.

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A number of brokerages have issued reports on MA. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Royal Bank Of Canada reissued a “top pick” rating and set a $130.00 target price on shares of Mastercard in a report on Friday, June 16th. BMO Capital Markets increased their target price on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Finally, Morgan Stanley increased their target price on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $128.20.

In other news, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the sale, the insider now directly owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction 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 owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 850,468 shares of company stock valued at $109,574,694. 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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