Chicago Partners Investment Group LLC Sells 1,913 Shares of Mastercard Incorporated (NYSE:MA)

Chicago Partners Investment Group LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,283 shares of the credit services provider’s stock after selling 1,913 shares during the period. Chicago Partners Investment Group LLC’s holdings in Mastercard were worth $5,283,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MA. Highline Wealth Partners LLC bought a new stake in Mastercard in the third quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard during the second quarter worth $35,000. Finally, Lowe Wealth Advisors LLC raised its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. Macquarie upped their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $537.92.

Mastercard Price Performance

Shares of NYSE:MA opened at $508.23 on Friday. The stock’s fifty day simple moving average is $495.77 and its two-hundred day simple moving average is $466.84. Mastercard Incorporated has a 1-year low of $378.48 and a 1-year high of $527.90. The stock has a market cap of $469.52 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.39 EPS. As a group, analysts forecast that Mastercard Incorporated will post 14.33 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.18%.

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.