Fort Sheridan Advisors LLC Sells 125 Shares of Mastercard Incorporated $MA

Fort Sheridan Advisors LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.9% during the second quarter, HoldingsChannel.com reports. The fund owned 13,514 shares of the credit services provider’s stock after selling 125 shares during the period. Mastercard makes up 1.1% of Fort Sheridan Advisors LLC’s holdings, making the stock its 19th largest position. Fort Sheridan Advisors LLC’s holdings in Mastercard were worth $7,594,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. WCG Wealth Advisors LLC lifted its stake in shares of Mastercard by 9.6% in the second quarter. WCG Wealth Advisors LLC now owns 14,067 shares of the credit services provider’s stock worth $7,905,000 after buying an additional 1,235 shares during the last quarter. Wellspring Financial Advisors LLC lifted its position in Mastercard by 15.3% during the 2nd quarter. Wellspring Financial Advisors LLC now owns 1,514 shares of the credit services provider’s stock worth $849,000 after acquiring an additional 201 shares during the last quarter. Blueshift Asset Management LLC boosted its holdings in Mastercard by 47.0% during the second quarter. Blueshift Asset Management LLC now owns 1,116 shares of the credit services provider’s stock valued at $627,000 after acquiring an additional 357 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Mastercard by 8.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,383,386 shares of the credit services provider’s stock valued at $1,339,320,000 after purchasing an additional 183,785 shares during the last quarter. Finally, Westerkirk Capital Inc. bought a new position in shares of Mastercard in the second quarter worth about $23,758,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Macquarie raised their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Tigress Financial upped their price objective on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus target price of $652.50.

Mastercard Trading Down 1.2%

Shares of MA stock opened at $543.70 on Tuesday. The firm has a fifty day moving average of $558.24 and a 200-day moving average of $567.93. The stock has a market cap of $488.24 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Mastercard 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.