Mather Group LLC. Has $4.87 Million Holdings in Mastercard Incorporated (NYSE:MA)

Mather Group LLC. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,417 shares of the credit services provider’s stock after purchasing an additional 806 shares during the quarter. Mather Group LLC.’s holdings in Mastercard were worth $4,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard in the 4th quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new stake in Mastercard during the fourth quarter worth $33,000. Barometer Capital Management Inc. acquired a new stake in shares of Mastercard in the 3rd quarter valued at $36,000. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Mastercard by 661.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its holdings in shares of Mastercard by 34.0% during the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after buying an additional 34 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on MA shares. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird lifted their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, Evercore ISI upped their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Price Performance

MA stock opened at $457.03 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The firm has a market cap of $426.36 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.76 and a beta of 1.08. The company’s fifty day simple moving average is $471.13 and its 200 day simple moving average is $437.01. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $2.65 EPS. On average, analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock valued at $221,479,470 in the last quarter. 0.13% of the stock is currently owned by company insiders.

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.