Commonwealth Bank of Australia increased its holdings in shares of Mastercard Inc (NYSE:MA) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,863 shares of the credit services provider’s stock after purchasing an additional 1,400 shares during the quarter. Commonwealth Bank of Australia’s holdings in Mastercard were worth $8,645,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MML Investors Services LLC boosted its position in Mastercard by 42.1% during the 3rd quarter. MML Investors Services LLC now owns 89,319 shares of the credit services provider’s stock worth $19,883,000 after acquiring an additional 26,449 shares during the last quarter. Montag A & Associates Inc. boosted its position in Mastercard by 335.2% during the 3rd quarter. Montag A & Associates Inc. now owns 16,033 shares of the credit services provider’s stock worth $3,569,000 after acquiring an additional 12,349 shares during the last quarter. Highstreet Asset Management Inc. boosted its position in Mastercard by 32.4% during the 3rd quarter. Highstreet Asset Management Inc. now owns 15,601 shares of the credit services provider’s stock worth $3,473,000 after acquiring an additional 3,818 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Mastercard by 1.6% during the 3rd quarter. Wetherby Asset Management Inc. now owns 16,360 shares of the credit services provider’s stock worth $3,642,000 after acquiring an additional 259 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of Mastercard by 77.4% in the 3rd quarter. Dakota Wealth Management now owns 9,399 shares of the credit services provider’s stock valued at $2,093,000 after buying an additional 4,102 shares during the last quarter. 74.52% of the stock is owned by institutional investors and hedge funds.

In other Mastercard news, Director Richard K. Davis purchased 2,475 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average price of $196.37 per share, with a total value of $486,015.75. Following the acquisition, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Several research firms have recently commented on MA. Wells Fargo & Co increased their price objective on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets began coverage on Mastercard in a report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price objective for the company. Goldman Sachs Group raised Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Royal Bank of Canada increased their price objective on Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Raymond James began coverage on Mastercard in a report on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 price objective for the company. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $220.82.

Shares of Mastercard stock opened at $187.06 on Wednesday. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The firm has a market cap of $205.57 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the firm posted $1.34 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Inc will post 6.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio is 21.83%.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Read More: What is an Initial Public Offering (IPO)?

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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