Apollon Wealth Management LLC Has $11.83 Million Holdings in Mastercard Incorporated (NYSE:MA)

Apollon Wealth Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 44.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,735 shares of the credit services provider’s stock after acquiring an additional 8,513 shares during the quarter. Apollon Wealth Management LLC’s holdings in Mastercard were worth $11,829,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Cypress Wealth Services LLC lifted its position in Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares during the period. Syntegra Private Wealth Group LLC raised its position in Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after purchasing an additional 24 shares in the last quarter. TRUE Private Wealth Advisors raised its position in Mastercard by 2.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares in the last quarter. Finally, Tufton Capital Management raised its position in Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 26 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the subject of several research analyst reports. Barclays lowered their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday. BMO Capital Markets upped their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Oppenheimer reiterated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Raymond James upped their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Insider Activity

In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 872,088 shares of company stock worth $395,452,118. Company insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.8 %

MA traded up $3.76 during trading on Tuesday, reaching $453.13. 2,345,329 shares of the stock traded hands, compared to its average volume of 2,471,482. The stock’s 50-day moving average is $469.07 and its 200 day moving average is $438.74. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The stock has a market capitalization of $422.72 billion, a PE ratio of 35.72, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business earned $2.80 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current year.

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.