Oppenheimer & Co. Inc. Grows Position in Mastercard Inc (MA)

Oppenheimer & Co. Inc. boosted its position in shares of Mastercard Inc (NYSE:MA) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,142 shares of the credit services provider’s stock after purchasing an additional 377 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mastercard were worth $13,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Mastercard in the second quarter worth about $109,000. Fort L.P. acquired a new position in shares of Mastercard during the 2nd quarter worth about $120,000. Carroll Financial Associates Inc. lifted its position in shares of Mastercard by 87.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Mastercard during the 2nd quarter worth about $131,000. Finally, Bogart Wealth LLC lifted its position in shares of Mastercard by 434.7% during the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 539 shares during the last quarter. 74.40% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the transaction, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.



Several research firms recently weighed in on MA. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Oppenheimer boosted their price objective on Mastercard from $197.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. Morgan Stanley boosted their price objective on Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. KeyCorp reissued an “overweight” rating and set a $230.00 price objective (up previously from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Finally, Wells Fargo & Co boosted their price objective on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $218.86.

Shares of MA opened at $191.04 on Tuesday. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $205.08 billion, a P/E ratio of 41.71, a PEG ratio of 1.71 and a beta of 1.16.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio is 21.83%.

Mastercard Company Profile

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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