O ROURKE & COMPANY Inc Invests $202,000 in Mastercard Incorporated (NYSE:MA)

O ROURKE & COMPANY Inc acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 420 shares of the credit services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in shares of Mastercard by 8.1% in the third quarter. Lazard Asset Management LLC now owns 428,632 shares of the credit services provider’s stock valued at $169,697,000 after purchasing an additional 32,167 shares during the period. Becker Capital Management Inc. increased its stake in shares of Mastercard by 23.6% in the third quarter. Becker Capital Management Inc. now owns 1,315 shares of the credit services provider’s stock valued at $521,000 after purchasing an additional 251 shares during the period. Truist Financial Corp increased its stake in shares of Mastercard by 14.3% in the third quarter. Truist Financial Corp now owns 380,630 shares of the credit services provider’s stock valued at $150,695,000 after purchasing an additional 47,628 shares during the period. Advanced Portfolio Management LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $413,000. Finally, Axxcess Wealth Management LLC increased its stake in shares of Mastercard by 286.4% in the third quarter. Axxcess Wealth Management LLC now owns 15,837 shares of the credit services provider’s stock valued at $6,270,000 after purchasing an additional 11,738 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MA shares. Evercore ISI lowered their price objective 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. Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Mizuho lowered their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. TD Cowen started coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Down 0.8 %

MA stock opened at $437.61 on Tuesday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market cap of $406.81 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.72 and a beta of 1.09. The company has a 50 day moving average of $451.50 and a two-hundred day moving average of $453.31.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the firm earned $2.80 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

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.