Rehmann Capital Advisory Group Sells 65 Shares of Mastercard Incorporated (NYSE:MA)

Rehmann Capital Advisory Group trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,928 shares of the credit services provider’s stock after selling 65 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Mastercard were worth $3,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Great Valley Advisor Group Inc. lifted its stake in shares of Mastercard by 12.4% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,602 shares of the credit services provider’s stock valued at $1,147,000 after buying an additional 288 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Mastercard by 3.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 4,329 shares of the credit services provider’s stock valued at $1,910,000 after purchasing an additional 125 shares during the period. AdvisorNet Financial Inc boosted its stake in Mastercard by 2.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,648 shares of the credit services provider’s stock worth $2,051,000 after purchasing an additional 106 shares during the period. 180 Wealth Advisors LLC grew its holdings in Mastercard by 8.0% during the 2nd quarter. 180 Wealth Advisors LLC now owns 1,573 shares of the credit services provider’s stock valued at $687,000 after buying an additional 116 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after buying an additional 1,612 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Mastercard Trading Up 1.2 %

Shares of NYSE:MA opened at $529.16 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $485.68 billion, a PE ratio of 40.03, a P/E/G ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $411.60 and a 12-month high of $535.77. The business’s fifty day simple moving average is $514.42 and its 200-day simple moving average is $479.31.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $3.39 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is presently 19.97%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MA. BMO Capital Markets lifted their price target on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Robert W. Baird increased their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America boosted their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Citigroup lifted their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $559.28.

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.