Rossby Financial LCC Acquires New Holdings in Mastercard Incorporated (NYSE:MA)

Rossby Financial LCC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,435 shares of the credit services provider's stock, valued at approximately $1,282,000. Mastercard comprises 0.8% of Rossby Financial LCC's investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock worth $1,497,160,000 after acquiring an additional 138,842 shares during the last quarter. Passumpsic Savings Bank grew its stake in shares of Mastercard by 2.9% during the third quarter. Passumpsic Savings Bank now owns 4,990 shares of the credit services provider's stock valued at $2,464,000 after purchasing an additional 139 shares during the last quarter. Advisory Resource Group boosted its holdings in Mastercard by 1.3% in the third quarter. Advisory Resource Group now owns 2,276 shares of the credit services provider's stock valued at $1,124,000 after acquiring an additional 29 shares during the last quarter. Virtu Financial LLC grew its holdings in Mastercard by 18.5% during the 3rd quarter. Virtu Financial LLC now owns 3,105 shares of the credit services provider's stock worth $1,533,000 after acquiring an additional 485 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in shares of Mastercard by 4.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,035 shares of the credit services provider's stock worth $2,493,000 after buying an additional 203 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. KeyCorp increased their price objective on Mastercard from $600.00 to $630.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Seaport Res Ptn lowered shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Citigroup lifted their price objective on shares of Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Susquehanna upped their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Six investment 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $607.96.

Mastercard Stock Performance

NYSE MA traded up $4.03 on Friday, hitting $517.46. 3,329,748 shares of the company's stock were exchanged, compared to its average volume of 2,621,853. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm's 50-day moving average price is $538.81 and its two-hundred day moving average price is $528.64. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The firm has a market cap of $471.77 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.59%. Mastercard's dividend payout ratio (DPR) is 21.89%.

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 stock was 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 owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.