CHICAGO TRUST Co NA Purchases 485 Shares of Mastercard Incorporated (NYSE:MA)

CHICAGO TRUST Co NA grew its position in shares of Mastercard Incorporated (NYSE:MA) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,528 shares of the credit services provider’s stock after acquiring an additional 485 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Mastercard were worth $2,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MA. Carnegie Investment Counsel increased its stake in Mastercard by 0.5% during the 3rd quarter. Carnegie Investment Counsel now owns 115,821 shares of the credit services provider’s stock valued at $57,192,000 after purchasing an additional 596 shares in the last quarter. Retirement Planning Group LLC acquired a new position in shares of Mastercard during the third quarter valued at about $319,000. Mechanics Bank Trust Department increased its position in shares of Mastercard by 0.9% during the third quarter. Mechanics Bank Trust Department now owns 5,234 shares of the credit services provider’s stock worth $2,585,000 after acquiring an additional 47 shares in the last quarter. Montis Financial LLC raised its holdings in shares of Mastercard by 72.6% in the 3rd quarter. Montis Financial LLC now owns 1,427 shares of the credit services provider’s stock worth $705,000 after acquiring an additional 600 shares during the last quarter. Finally, Brown Miller Wealth Management LLC lifted its position in Mastercard by 4.1% in the 3rd quarter. Brown Miller Wealth Management LLC now owns 2,920 shares of the credit services provider’s stock valued at $1,442,000 after acquiring an additional 115 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 0.9 %

NYSE:MA opened at $502.26 on Friday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $502.92. The stock’s fifty day moving average price is $480.78 and its two-hundred day moving average price is $462.99. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $464.01 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. As a group, analysts expect that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is currently 20.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MA. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. increased their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. BMO Capital Markets restated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $518.96.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

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.