LPL Financial LLC Purchases 47,230 Shares of Mastercard Incorporated (NYSE:MA)

LPL Financial LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754,551 shares of the credit services provider's stock after purchasing an additional 47,230 shares during the quarter. LPL Financial LLC owned 0.08% of Mastercard worth $332,878,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Mastercard during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. KeyCorp upped their price target on Mastercard from $490.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. BMO Capital Markets reissued an "outperform" rating and set a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Evercore ISI reduced their target price on shares of Mastercard from $540.00 to $525.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 25th. Finally, Bank of America downgraded shares of Mastercard from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.88.

Mastercard Trading Down 0.0 %

NYSE MA traded down $0.01 on Wednesday, reaching $488.01. The company had a trading volume of 2,479,982 shares, compared to its average volume of 2,443,380. The firm has a market cap of $453.66 billion, a price-to-earnings ratio of 38.79, a P/E/G ratio of 1.87 and a beta of 1.10. The business has a 50 day moving average of $458.12 and a two-hundred day moving average of $459.86. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard's dividend payout ratio is currently 20.99%.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 116,000 shares of the business's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $443.63, for a total value of $51,461,080.00. Following the transaction, the insider now directly owns 92,998,308 shares of the company's stock, valued at approximately $41,256,839,378.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 116,000 shares of the company's stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $443.63, for a total transaction of $51,461,080.00. Following the transaction, the insider now directly owns 92,998,308 shares of the company's stock, valued at $41,256,839,378.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the company's stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders sold 943,467 shares of company stock valued at $431,056,895 over the last quarter. 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.