Telemus Capital LLC Purchases 385 Shares of Mastercard Incorporated (NYSE:MA)

Telemus Capital LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,042 shares of the credit services provider’s stock after acquiring an additional 385 shares during the period. Telemus Capital LLC’s holdings in Mastercard were worth $9,401,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the 4th quarter worth about $27,000. Criterion Capital Advisors LLC bought a new stake in Mastercard during the 4th quarter worth approximately $33,000. Barometer Capital Management Inc. bought a new stake in Mastercard during the 3rd quarter worth approximately $36,000. Thomas J. Herzfeld Advisors Inc. lifted its position 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 worth $39,000 after purchasing an additional 86 shares during the period. Finally, JCIC Asset Management Inc. lifted its position in shares of Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. KeyCorp upped their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. increased their target price on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Stock Performance

Shares of Mastercard stock opened at $456.95 on Tuesday. The firm has a market cap of $426.28 billion, a P/E ratio of 38.63, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The stock’s fifty day moving average price is $471.66 and its 200-day moving average price is $434.80.

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

Mastercard Announces Dividend

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 $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the business’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 transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 13,542 shares of the business’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 sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,630 shares of company stock valued at $68,440,330. 0.13% of the stock is currently owned by corporate 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.