Perigon Wealth Management LLC Purchases 35,507 Shares of Mastercard Incorporated (NYSE:MA)

Perigon Wealth Management LLC increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 316.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,739 shares of the credit services provider's stock after purchasing an additional 35,507 shares during the quarter. Mastercard makes up 0.7% of Perigon Wealth Management LLC's investment portfolio, making the stock its 29th largest holding. Perigon Wealth Management LLC's holdings in Mastercard were worth $19,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Activest Wealth Management lifted its holdings in shares of Mastercard by 87.4% during the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider's stock worth $229,000 after buying an additional 250 shares during the last quarter. Everett Harris & Co. CA grew its position in Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider's stock valued at $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp grew its holdings in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider's stock worth $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Fortune Financial Advisors LLC grew its holdings in shares of Mastercard by 4.5% during the fourth quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider's stock worth $3,350,000 after purchasing an additional 339 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its holdings in shares of Mastercard by 1.5% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider's stock worth $18,041,000 after purchasing an additional 612 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen assumed coverage on Mastercard in a report on Thursday. They issued a "buy" rating and a $545.00 price target on the stock. Mizuho reiterated a "buy" rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Evercore ISI raised their price target on Mastercard from $530.00 to $545.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Oppenheimer reiterated an "outperform" rating and set a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. Finally, BMO Capital Markets lifted their target price on Mastercard from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and a consensus price target of $484.82.

Insider Activity at Mastercard

In related news, insider Ajay Bhalla sold 98 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares of the company's stock, valued at approximately $2,740,407.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Craig Vosburg sold 13,542 shares of the company'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 transaction of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares of the company's stock, valued at approximately $21,388,649.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ajay Bhalla sold 98 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 41,728 shares of company stock worth $19,479,753 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

Mastercard Trading Down 0.3 %

Shares of NYSE MA traded down $1.38 during trading on Thursday, reaching $467.79. The company had a trading volume of 2,299,219 shares, compared to its average volume of 2,434,448. The company's fifty day moving average price is $471.59 and its 200-day moving average price is $430.95. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The stock has a market cap of $436.40 billion, a P/E ratio of 39.65, a PEG ratio of 1.82 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.56%. Mastercard's payout ratio is 22.32%.

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.

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