Mastercard Incorporated $MA Shares Bought by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC increased its stake in Mastercard by 6.6% in Q2, owning 10,627 shares valued at approximately $5.97 million.
• Mastercard's recent quarterly earnings report showed a profit of $4.15 per share, exceeding analysts' expectations, alongside a revenue increase of 16.8% year-over-year.
• Several analysts have rated Mastercard positively, with an average rating of "Buy" and a consensus price target of $634.04.

Chicago Partners Investment Group LLC grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,627 shares of the credit services provider's stock after purchasing an additional 658 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Mastercard were worth $5,973,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. ORG Partners LLC lifted its position in shares of Mastercard by 73.2% during the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider's stock worth $394,000 after buying an additional 295 shares during the last quarter. Ethos Financial Group LLC boosted its position in shares of Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after purchasing an additional 518 shares during the period. Wheelhouse Advisory Group LLC increased its position in Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider's stock worth $751,000 after buying an additional 56 shares during the period. Canandaigua National Trust Co of Florida grew its position in shares of Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after acquiring an additional 185 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC grew its position in shares of Mastercard by 4.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider's stock worth $3,632,000 after acquiring an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mastercard in a research report on Wednesday, October 8th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wells Fargo & Company increased their price target on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $634.04.

Mastercard Stock Up 2.1%

MA opened at $561.42 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $580.22 and a 200-day simple moving average of $563.27. The stock has a market capitalization of $507.53 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.