Howe & Rusling Inc. Increases Holdings in Mastercard Incorporated (NYSE:MA)

Howe & Rusling Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,945 shares of the credit services provider’s stock after buying an additional 543 shares during the quarter. Howe & Rusling Inc.’s holdings in Mastercard were worth $8,367,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Goldstein Advisors LLC lifted its stake in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the last quarter. McLean Asset Management Corp raised its stake in shares of Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares during the period. Oldfather Financial Services LLC lifted its holdings in Mastercard by 2.6% during the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares in the last quarter. Transcendent Capital Group LLC boosted its stake in Mastercard by 4.8% in the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after purchasing an additional 21 shares during the period. Finally, Guerra Pan Advisors LLC grew its holdings in Mastercard by 1.7% during the 3rd quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,370 shares of company stock valued at $46,797,168 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Piper Sandler reissued an “overweight” rating and issued a $575.00 price target (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Citigroup lifted their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Price Performance

Shares of MA opened at $519.47 on Wednesday. The firm’s 50-day simple moving average is $505.41 and its two-hundred day simple moving average is $472.48. Mastercard Incorporated has a fifty-two week low of $398.26 and a fifty-two week high of $534.03. The stock has a market cap of $476.79 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.39 EPS. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

About Mastercard

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.