Nemes Rush Group LLC Buys 522 Shares of Mastercard Incorporated (NYSE:MA)

Nemes Rush Group LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 389.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 656 shares of the credit services provider's stock after purchasing an additional 522 shares during the period. Nemes Rush Group LLC's holdings in Mastercard were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at approximately $32,000. Truvestments Capital LLC lifted its stake in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after purchasing an additional 25 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Mastercard during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

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

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Analyst Ratings Changes

MA has been the topic of several research reports. Piper Sandler reiterated an "overweight" rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Morgan Stanley dropped their price target on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Finally, Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $606.11.

Mastercard Price Performance

Shares of MA stock traded down $40.61 during trading hours on Friday, hitting $489.94. The company had a trading volume of 6,121,351 shares, compared to its average volume of 2,568,828. The firm's fifty day moving average is $550.92 and its 200 day moving average is $528.26. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The firm has a market capitalization of $446.68 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released 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 return on equity of 188.47% and a net margin of 45.71%. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has approved a share buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.62%. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

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.