Noble Wealth Management PBC Has $625,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Noble Wealth Management PBC boosted its position in Mastercard Incorporated (NYSE:MA) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,140 shares of the credit services provider’s stock after purchasing an additional 30 shares during the period. Noble Wealth Management PBC’s holdings in Mastercard were worth $625,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Addison Advisors LLC raised its position in shares of Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Augustine Asset Management Inc. raised its position in shares of Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 19 shares during the last quarter. Richard W. Paul & Associates LLC raised its position in shares of Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after purchasing an additional 19 shares during the last quarter. Founders Financial Alliance LLC raised its position in Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock worth $356,000 after buying an additional 19 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC raised its position in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.2%

Shares of MA stock opened at $590.78 on Thursday. The company’s 50-day moving average price is $551.43 and its 200-day moving average price is $543.22. 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 cap of $538.62 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on MA shares. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Evercore ISI started coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned 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 price target of $610.00.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,258 shares of company stock worth $20,885,067. Company 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.