Alpine Bank Wealth Management Acquires New Stake in Mastercard Incorporated (NYSE:MA)

Alpine Bank Wealth Management acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,775 shares of the credit services provider’s stock, valued at approximately $973,000.

Several other large investors also recently added to or reduced their stakes in MA. Brighton Jones LLC raised its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Mastercard by 1.6% in the fourth quarter. Rothschild Investment LLC now owns 2,793 shares of the credit services provider’s stock worth $1,471,000 after buying an additional 44 shares during the period. BankPlus Trust Department purchased a new position in shares of Mastercard in the fourth quarter worth about $502,000. Finally, Prasad Wealth Partners LLC purchased a new position in shares of Mastercard in the fourth quarter worth about $301,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $557.69 on Wednesday. The stock has a market capitalization of $508.45 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock’s 50 day simple moving average is $561.13 and its 200 day simple moving average is $545.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.31 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 21.32%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Macquarie cut their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Truist Financial started coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Seven 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,379,709.18. The trade was a 13.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,115 shares of company stock worth $18,324,718. Insiders own 0.09% of the company’s stock.

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.