Aurora Private Wealth Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 3.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,780 shares of the credit services provider’s stock after buying an additional 86 shares during the quarter. Aurora Private Wealth Inc.’s holdings in Mastercard were worth $940,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management bought a new stake in Mastercard during the third quarter worth $1,048,000. Stonebridge Financial Planning Group LLC raised its position in shares of Mastercard by 3.7% in the third quarter. Stonebridge Financial Planning Group LLC now owns 4,915 shares of the credit services provider’s stock valued at $1,668,000 after purchasing an additional 175 shares during the period. Essex Savings Bank raised its position in shares of Mastercard by 2.1% in the third quarter. Essex Savings Bank now owns 3,807 shares of the credit services provider’s stock valued at $1,287,000 after purchasing an additional 80 shares during the period. Bradley Foster & Sargent Inc. CT bought a new position in shares of Mastercard in the third quarter valued at about $76,986,000. Finally, Norris Perne & French LLP MI raised its position in shares of Mastercard by 1.4% in the third quarter. Norris Perne & French LLP MI now owns 5,314 shares of the credit services provider’s stock valued at $1,797,000 after purchasing an additional 73 shares during the period. Institutional investors own 73.72% of the company’s stock.

Shares of MA traded down $22.11 during mid-day trading on Wednesday, reaching $295.00. The company had a trading volume of 492,091 shares, compared to its average volume of 4,851,816. The company’s 50 day simple moving average is $336.76 and its 200 day simple moving average is $310.31. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95. Mastercard Incorporated has a 1-year low of $199.99 and a 1-year high of $367.25. The company has a market capitalization of $317.45 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 2.77 and a beta of 1.11.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the company earned $1.89 EPS. The firm’s revenue was down 19.8% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 6.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 8th. This represents a $1.60 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio is presently 20.59%.

In other Mastercard news, major shareholder Foundation Mastercard sold 30,100 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $320.69, for a total transaction of $9,652,769.00. Following the completion of the transaction, the insider now owns 109,517,113 shares in the company, valued at approximately $35,121,042,967.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $307.29, for a total transaction of $1,536,450.00. Following the transaction, the director now owns 32,573 shares of the company’s stock, valued at approximately $10,009,357.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 215,567 shares of company stock worth $71,292,644. 3.79% of the stock is owned by corporate insiders.

MA has been the topic of several research analyst reports. Bank of America increased their price objective on shares of Mastercard from $324.00 to $358.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Royal Bank of Canada reissued a “buy” rating on shares of Mastercard in a research report on Sunday, October 11th. Barclays increased their price objective on shares of Mastercard from $360.00 to $385.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Compass Point increased their price objective on shares of Mastercard from $330.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Truist raised their price target on shares of Mastercard from $375.00 to $415.00 in a research report on Friday, August 28th. Five analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus price target of $349.97.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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