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

Aries Wealth Management increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 61.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,927 shares of the credit services provider's stock after buying an additional 731 shares during the quarter. Aries Wealth Management's holdings in Mastercard were worth $1,056,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC acquired 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 in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $30,000. Finally, 10Elms LLP acquired a new stake in shares of Mastercard in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 4.7%

NYSE:MA traded down $27.78 during trading hours on Friday, hitting $561.50. 5,902,461 shares of the company were exchanged, compared to its average volume of 2,616,055. The company has a fifty day simple moving average of $555.17 and a 200 day simple moving average of $543.96. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company posted $3.31 EPS. The business's quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on MA. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial began coverage on Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Seven 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,686 shares of company stock valued at $26,430,428. Corporate 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.