OLD Second National Bank of Aurora Sells 141 Shares of Mastercard Incorporated (NYSE:MA)

OLD Second National Bank of Aurora lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,086 shares of the credit services provider’s stock after selling 141 shares during the period. OLD Second National Bank of Aurora’s holdings in Mastercard were worth $3,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pathway Financial Advisers LLC lifted its stake in shares of Mastercard by 9.7% in the 2nd quarter. Pathway Financial Advisers LLC now owns 386 shares of the credit services provider’s stock worth $168,000 after purchasing an additional 34 shares during the period. Advisory Alpha LLC raised its position in shares of Mastercard by 33.0% during the second quarter. Advisory Alpha LLC now owns 1,323 shares of the credit services provider’s stock valued at $584,000 after buying an additional 328 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the second quarter valued at approximately $34,000. Brown Financial Advisors bought a new stake in shares of Mastercard during the second quarter valued at approximately $673,000. Finally, Sanctuary Advisors LLC bought a new stake in Mastercard in the second quarter worth $39,525,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MA. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Mizuho boosted their target price on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $567.29.

Mastercard Trading Up 0.3 %

Mastercard stock opened at $549.25 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $551.55. The stock’s 50 day simple moving average is $525.85 and its two-hundred day simple moving average is $499.45. The firm has a market cap of $504.11 billion, a PE ratio of 41.55, a P/E/G ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 23.00%.

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.