Amalgamated Bank Has $100.88 Million Stake in Mastercard Incorporated (NYSE:MA)

Amalgamated Bank boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,043 shares of the credit services provider's stock after purchasing an additional 1,585 shares during the period. Mastercard makes up about 0.9% of Amalgamated Bank's portfolio, making the stock its 16th largest holding. Amalgamated Bank's holdings in Mastercard were worth $100,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC bought a new stake in Mastercard during the fourth quarter worth approximately $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter worth $32,000. Navigoe LLC bought a new stake in shares of Mastercard during the 4th quarter worth $33,000. Finally, 10Elms LLP acquired a new position in shares of Mastercard in the 4th quarter worth $33,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider owned 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock worth $20,173,035 in the last quarter. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Stock Down 0.5%

NYSE MA traded down $2.86 during trading on Wednesday, hitting $561.75. 2,502,267 shares of the company traded hands, compared to its average volume of 2,675,461. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The business has a fifty day simple moving average of $565.55 and a 200 day simple moving average of $546.00. The company has a market capitalization of $512.15 billion, a P/E ratio of 39.39, a PEG ratio of 2.45 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

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 for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

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.