Oppenheimer Asset Management Inc. Purchases 4,527 Shares of Mastercard Incorporated (NYSE:MA)

Oppenheimer Asset Management Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,344 shares of the credit services provider's stock after acquiring an additional 4,527 shares during the period. Mastercard comprises 0.9% of Oppenheimer Asset Management Inc.'s investment portfolio, making the stock its 16th biggest position. Oppenheimer Asset Management Inc.'s holdings in Mastercard were worth $75,721,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. Cornerstone Planning Group LLC lifted its holdings in shares of Mastercard by 23.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 130 shares of the credit services provider's stock valued at $66,000 after buying an additional 25 shares during the period. Grafton Street Partners Fund LP increased its stake in Mastercard by 43.9% during the third quarter. Grafton Street Partners Fund LP now owns 11,152 shares of the credit services provider's stock worth $5,507,000 after acquiring an additional 3,400 shares during the last quarter. Rossmore Private Capital raised its holdings in shares of Mastercard by 1.1% in the 3rd quarter. Rossmore Private Capital now owns 14,656 shares of the credit services provider's stock worth $7,237,000 after purchasing an additional 155 shares during the period. Simmons Bank raised its holdings in shares of Mastercard by 3.2% during the 3rd quarter. Simmons Bank now owns 6,679 shares of the credit services provider's stock valued at $3,298,000 after buying an additional 205 shares during the period. Finally, Empower Advisory Group LLC raised its holdings in shares of Mastercard by 2.0% during the 3rd quarter. Empower Advisory Group LLC now owns 419,029 shares of the credit services provider's stock valued at $206,916,000 after buying an additional 8,021 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

NYSE MA traded down $7.67 during mid-day trading on Wednesday, reaching $521.50. 2,681,567 shares of the stock were exchanged, compared to its average volume of 2,452,204. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $478.65 billion, a P/E ratio of 39.51, a P/E/G ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $394.76 and a 1 year high of $534.03. The business's 50 day moving average is $501.55 and its 200-day moving average is $469.88.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard's payout ratio is 19.97%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business's 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 completion of the transaction, the insider now owns 91,924,308 shares of the company's stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction 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 completion of the transaction, the chief marketing officer now owns 15,031 shares of the company's stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock valued at $153,495,958 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $591.00 target price for the company. KeyCorp boosted their target price on Mastercard from $515.00 to $580.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. BNP Paribas cut Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. Finally, Mizuho upped their price target on Mastercard from $496.00 to $532.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus price target of $540.17.

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.