Rehmann Capital Advisory Group Has $4.19 Million Position in Mastercard Incorporated (NYSE:MA)

Rehmann Capital Advisory Group raised its position in Mastercard Incorporated (NYSE:MA) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,955 shares of the credit services provider’s stock after buying an additional 27 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Mastercard were worth $4,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. bought a new stake in shares of Mastercard during the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC lifted its stake in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Northern Trust Corp grew its stake in shares of Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC bought a new stake in Mastercard in the fourth quarter valued at about $617,303,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MA shares. The Goldman Sachs Group restated a “buy” rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. KeyCorp lifted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Piper Sandler restated an “overweight” rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Finally, Barclays lifted their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $607.96.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.0 %

NYSE:MA opened at $539.71 on Wednesday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The firm has a market capitalization of $492.06 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock’s 50 day moving average price is $532.87 and its two-hundred day moving average price is $530.62.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is currently 21.89%.

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.