OLD Second National Bank of Aurora Cuts Stock Position in Mastercard Incorporated $MA

OLD Second National Bank of Aurora lowered its position in Mastercard Incorporated (NYSE:MA) by 0.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,608 shares of the credit services provider’s stock after selling 19 shares during the period. OLD Second National Bank of Aurora’s holdings in Mastercard were worth $3,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after buying an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Mastercard during the 2nd quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD grew its position in shares of Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after buying an additional 907,184 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Mastercard during the first quarter valued at approximately $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.7%

Shares of NYSE:MA opened at $577.76 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a fifty day simple moving average of $580.00 and a two-hundred day simple moving average of $561.32. The stock has a market capitalization of $522.30 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the business earned $3.50 EPS. Mastercard’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,391 shares of company stock worth $20,836,514. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $630.89.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.