Elo Mutual Pension Insurance Co lifted its position in Moody’s Co. (NYSE:MCO – Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,165 shares of the business services provider’s stock after purchasing an additional 381 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Moody’s were worth $4,029,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MCO. Compass Wealth Management LLC acquired a new position in shares of Moody’s in the fourth quarter valued at $28,000. ST Germain D J Co. Inc. acquired a new position in shares of Moody’s in the fourth quarter valued at $36,000. Exos TFP Holdings LLC acquired a new position in Moody’s during the fourth quarter worth $46,000. Belpointe Asset Management LLC acquired a new position in Moody’s during the fourth quarter worth $52,000. Finally, Global Retirement Partners LLC raised its stake in Moody’s by 46.3% during the first quarter. Global Retirement Partners LLC now owns 196 shares of the business services provider’s stock worth $59,000 after acquiring an additional 62 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have issued reports on MCO. Wells Fargo & Company increased their price objective on Moody’s from $346.00 to $365.00 in a research note on Wednesday, July 26th. BMO Capital Markets increased their price objective on Moody’s from $355.00 to $360.00 in a research note on Wednesday, May 17th. Royal Bank of Canada increased their price objective on Moody’s from $350.00 to $404.00 in a research note on Wednesday, July 26th. The Goldman Sachs Group increased their target price on Moody’s from $328.00 to $362.00 and gave the stock a “neutral” rating in a report on Monday, July 3rd. Finally, Barclays increased their target price on Moody’s from $300.00 to $350.00 in a report on Wednesday, July 26th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $325.53.
Check Out Our Latest Stock Analysis on Moody’s
Moody’s Trading Up 1.0 %
Moody’s stock traded up $3.31 during mid-day trading on Friday, hitting $340.11. The stock had a trading volume of 120,536 shares, compared to its average volume of 773,473. The stock has a 50-day simple moving average of $343.04 and a two-hundred day simple moving average of $319.97. The stock has a market capitalization of $62.41 billion, a PE ratio of 43.40, a P/E/G ratio of 2.59 and a beta of 1.30. Moody’s Co. has a 12 month low of $230.16 and a 12 month high of $363.19. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.09.
Moody’s (NYSE:MCO – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.07. Moody’s had a return on equity of 55.98% and a net margin of 25.81%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $2.22 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Moody’s Co. will post 10.07 EPS for the current year.
Moody’s Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 17th. Moody’s’s payout ratio is 39.69%.
Insider Buying and Selling at Moody’s
In other Moody’s news, CEO Robert Fauber sold 592 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $354.25, for a total value of $209,716.00. Following the transaction, the chief executive officer now owns 65,838 shares of the company’s stock, valued at $23,323,111.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Robert Fauber sold 592 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $354.25, for a total transaction of $209,716.00. Following the sale, the chief executive officer now owns 65,838 shares of the company’s stock, valued at $23,323,111.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark Kaye sold 15,158 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $340.97, for a total value of $5,168,423.26. Following the sale, the chief financial officer now directly owns 4,447 shares in the company, valued at approximately $1,516,293.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,937 shares of company stock valued at $7,497,754. 0.42% of the stock is currently owned by company insiders.
Moody’s Profile
Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Investors Service and Moody’s Analytics. The Moody’s Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.
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