CHICAGO TRUST Co NA lowered its position in shares of Mastercard Inc (NYSE:MA) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,071 shares of the credit services provider’s stock after selling 50 shares during the period. CHICAGO TRUST Co NA’s holdings in Mastercard were worth $317,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MA. 1776 Wealth LLC purchased a new position in shares of Mastercard during the first quarter valued at $28,000. Pacific Center for Financial Services increased its stake in shares of Mastercard by 582.4% during the first quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock valued at $28,000 after buying an additional 99 shares during the period. Sound Income Strategies LLC increased its stake in shares of Mastercard by 70.5% during the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock valued at $32,000 after buying an additional 55 shares during the period. Wealth Quarterback LLC purchased a new position in shares of Mastercard during the fourth quarter valued at $33,000. Finally, Lion Street Advisors LLC purchased a new position in shares of Mastercard during the first quarter valued at $39,000. Hedge funds and other institutional investors own 73.87% of the company’s stock.

Several equities analysts have issued reports on MA shares. Wedbush lifted their target price on Mastercard from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Susquehanna Bancshares cut their target price on Mastercard from $355.00 to $330.00 and set a “positive” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird lifted their target price on Mastercard from $270.00 to $308.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Wells Fargo & Co lifted their target price on Mastercard from $325.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday. Finally, SunTrust Banks lifted their target price on Mastercard from $295.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $326.79.

MA stock opened at $290.18 on Tuesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $296.79 billion, a P/E ratio of 37.76, a P/E/G ratio of 3.57 and a beta of 1.08. The business’s 50-day moving average is $300.49 and its two-hundred day moving average is $291.25. Mastercard Inc has a 1 year low of $199.99 and a 1 year high of $347.25.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the company earned $1.78 EPS. Mastercard’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Mastercard Inc will post 6.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is currently 20.59%.

In related news, Vice Chairman Ann Cairns sold 40,115 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $302.58, for a total transaction of $12,137,996.70. Following the transaction, the insider now owns 107,377 shares in the company, valued at approximately $32,490,132.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 68,670 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $296.75, for a total value of $20,377,822.50. Following the transaction, the insider now owns 110,345,834 shares in the company, valued at approximately $32,745,126,239.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 664,384 shares of company stock worth $199,225,900. Company insiders own 3.79% of the company’s stock.

About Mastercard

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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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