Mastercard Incorporated (NYSE:MA) Stock Position Raised by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 6,956.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 27,026 shares of the credit services provider’s stock after acquiring an additional 26,643 shares during the period. Mastercard accounts for about 3.8% of Aurora Private Wealth Inc.’s holdings, making the stock its 2nd largest position. Aurora Private Wealth Inc.’s holdings in Mastercard were worth $14,813,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC grew its holdings in Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank acquired a new stake in shares of Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP lifted its position in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after purchasing an additional 817,836 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company’s stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julius Genachowski sold 310 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total transaction of $173,910.00. Following the completion of the sale, the director owned 8,323 shares in the company, valued at approximately $4,669,203. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 in the last quarter. Insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $566.53 on Friday. The business has a fifty day simple moving average of $566.17 and a 200 day simple moving average of $546.25. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The firm has a market cap of $516.51 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.44 and a beta of 1.02.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company posted $3.31 earnings per share. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 21.32%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $611.50.

Mastercard Profile

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.