Aurora Private Wealth Inc. Acquires 26,643 Shares of Mastercard Incorporated (NYSE:MA)

Aurora Private Wealth Inc. raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6,956.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,026 shares of the credit services provider's stock after purchasing an additional 26,643 shares during the quarter. Aurora Private Wealth Inc.'s holdings in Mastercard were worth $14,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MA. Addison Advisors LLC raised its stake in shares of Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares in the last quarter. Richard W. Paul & Associates LLC increased its holdings in Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares during the period. Founders Financial Alliance LLC raised its stake in shares of Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after buying an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC lifted its holdings in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after acquiring an additional 19 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC boosted its position in shares of Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $34,379,709.18. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,115 shares of company stock valued at $18,324,718. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MA. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Trading Down 0.7%

Shares of MA traded down $4.05 on Thursday, reaching $545.65. 1,003,795 shares of the company's stock were exchanged, compared to its average volume of 2,826,244. The business has a 50 day moving average price of $561.86 and a two-hundred day moving average price of $545.04. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The stock has a market capitalization of $497.47 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. 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 (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

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.