Alpine Bank Wealth Management Makes New $973,000 Investment in Mastercard Incorporated (NYSE:MA)

Alpine Bank Wealth Management bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,775 shares of the credit services provider's stock, valued at approximately $973,000.

A number of other hedge funds have also bought and sold shares of MA. Addison Advisors LLC increased its position in shares of Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Richard W. Paul & Associates LLC grew its stake in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares in the last quarter. Founders Financial Alliance LLC grew its stake in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after purchasing an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC increased its holdings in Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after buying an additional 19 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC raised its stake in Mastercard by 2.6% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several analyst reports. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Price Performance

MA traded down $4.36 on Thursday, hitting $545.34. 1,003,795 shares of the company were exchanged, compared to its average volume of 2,826,244. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $497.19 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The business's fifty day moving average is $561.86 and its 200 day moving average is $545.04.

Mastercard (NYSE:MA - Get Free Report) last issued 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 the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.31 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. Mastercard's dividend payout ratio is currently 21.32%.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 949 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $535.80, for a total transaction of $508,474.20. Following the transaction, the insider now owns 14,021 shares of the company's stock, valued at $7,512,451.80. This represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,115 shares of company stock worth $18,324,718 over the last ninety days. 0.09% 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.