Oppenheimer & Co. Inc. Purchases 2,039 Shares of Mastercard Incorporated (NYSE:MA)

Oppenheimer & Co. Inc. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,451 shares of the credit services provider's stock after purchasing an additional 2,039 shares during the period. Oppenheimer & Co. Inc.'s holdings in Mastercard were worth $27,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC raised its holdings in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC raised its holdings in shares of Mastercard by 1.5% during the fourth 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 period. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the period. Institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Finally, KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Seven 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity

In related news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,890 shares of company stock valued at $27,003,492 in the last three months. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of Mastercard stock traded up $15.34 on Tuesday, reaching $557.69. 4,501,745 shares of the company traded hands, compared to its average volume of 2,658,402. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a 50 day moving average of $561.13 and a 200 day moving average of $545.00. The firm has a market capitalization of $508.45 billion, a PE ratio of 39.11, a PEG ratio of 2.37 and a beta of 1.05. 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 (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating 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 the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $3.31 EPS. The company's revenue was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio is currently 21.32%.

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.