Aries Wealth Management Has $1.06 Million Position in Mastercard Incorporated (NYSE:MA)

Aries Wealth Management lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 61.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,927 shares of the credit services provider’s stock after buying an additional 731 shares during the period. Aries Wealth Management’s holdings in Mastercard were worth $1,056,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MA. Norges Bank acquired a new position in Mastercard during the fourth quarter valued at approximately $6,022,224,000. GAMMA Investing LLC boosted its position in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC boosted its position in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Finally, UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $610.00.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,686 shares of company stock valued at $26,430,428 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Mastercard Trading Down 4.7%

Shares of NYSE:MA opened at $561.50 on Friday. The company has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day simple moving average is $555.17 and its 200 day simple moving average is $543.96.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 188.47% and a net margin of 45.71%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.