OLD Second National Bank of Aurora Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

OLD Second National Bank of Aurora increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,644 shares of the credit services provider’s stock after purchasing an additional 31 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Mastercard were worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MA. Activest Wealth Management increased its stake in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Everett Harris & Co. CA raised its stake in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp raised its stake in Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Fortune Financial Advisors LLC boosted its holdings in shares of Mastercard by 4.5% in the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock valued at $3,350,000 after purchasing an additional 339 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its stake in shares of Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after buying an additional 612 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Monness Crespi & Hardt started coverage on Mastercard in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. KeyCorp boosted their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Royal Bank of Canada increased their target price on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Raymond James boosted their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Activity

In other news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,740,407.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,728 shares of company stock worth $19,479,753. Insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA traded down $0.31 during midday trading on Thursday, hitting $459.85. 383,008 shares of the company’s stock were exchanged, compared to its average volume of 2,384,246. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $428.99 billion, a P/E ratio of 38.89, a PEG ratio of 1.74 and a beta of 1.08. The stock’s 50 day moving average price is $471.83 and its 200-day moving average price is $433.21.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the business posted $2.65 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 14.36 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

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.