Mastercard Incorporated (NYSE:MA) Shares Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6,956.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,026 shares of the credit services provider's stock after acquiring an additional 26,643 shares during the quarter. Mastercard accounts for 3.8% of Aurora Private Wealth Inc.'s portfolio, making the stock its 2nd biggest holding. Aurora Private Wealth Inc.'s holdings in Mastercard were worth $14,813,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in Mastercard during the fourth quarter valued at approximately $26,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC bought a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. 10Elms LLP bought a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. Finally, Truvestments Capital LLC lifted its stake in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Monness Crespi & Hardt downgraded 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 issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julius Genachowski sold 310 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the transaction, the director directly owned 8,323 shares in the company, valued at $4,669,203. This trade represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,441 shares of company stock worth $20,173,035. Corporate insiders own 0.09% of the company's stock.

Mastercard Price Performance

NYSE:MA traded up $5.01 during trading hours on Friday, reaching $566.53. 1,528,739 shares of the company traded hands, compared to its average volume of 2,668,807. The firm's 50-day moving average is $566.83 and its 200-day moving average is $546.49. The stock has a market cap of $516.51 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.31 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Mastercard Company 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.