497 Shares in Mastercard Incorporated (NYSE:MA) Purchased by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 497 shares of the credit services provider’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the 3rd quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard during the second quarter valued at $34,000. Fairway Wealth LLC purchased a new position in shares of Mastercard in the 2nd quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. 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 at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price for the company. Royal Bank of Canada upped their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. Robert W. Baird upped their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America lifted their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard Price Performance

Shares of MA traded down $8.96 during mid-day trading on Thursday, reaching $504.73. The stock had a trading volume of 2,416,885 shares, compared to its average volume of 2,428,915. The firm has a market cap of $466.29 billion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $373.11 and a 12 month high of $527.67. The business has a fifty day moving average of $494.33 and a 200 day moving average of $466.27. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.85 billion. Equities analysts predict that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

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.