Demars Financial Group LLC Purchases 38,528 Shares of Mastercard Incorporated (NYSE:MA)

Demars Financial Group LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,019,988 shares of the credit services provider's stock after purchasing an additional 38,528 shares during the period. Mastercard comprises about 1.8% of Demars Financial Group LLC's investment portfolio, making the stock its 9th largest position. Demars Financial Group LLC owned about 0.11% of Mastercard worth $559,076,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Mastercard during the fourth quarter valued at approximately $6,022,224,000. GAMMA Investing LLC lifted its position in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the period. Raymond James Financial Inc. bought a new stake in Mastercard in the fourth quarter valued at $837,017,000. Proficio Capital Partners LLC raised its stake 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 worth $818,962,000 after acquiring an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of 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 acquiring an additional 1,207,787 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 5.4%

MA traded down $31.00 during midday trading on Thursday, reaching $538.45. 6,961,693 shares of the company were exchanged, compared to its average volume of 2,634,932. The stock has a market capitalization of $490.91 billion, a P/E ratio of 37.76, a PEG ratio of 2.48 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The stock's 50-day simple moving average is $558.50 and its 200 day simple moving average is $544.42. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last released 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 net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock valued at $23,166,463 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. Citigroup lifted their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Seven investment 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. According to MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average price target of $610.00.

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.