DekaBank Deutsche Girozentrale raised its stake in Moody’s Co. (NYSE:MCO) by 13.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,263 shares of the business services provider’s stock after acquiring an additional 3,865 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Moody’s were worth $6,010,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. bought a new position in Moody’s during the 1st quarter worth approximately $36,000. Pearl River Capital LLC purchased a new position in Moody’s in the 4th quarter worth approximately $28,000. JNBA Financial Advisors purchased a new stake in shares of Moody’s in the 4th quarter valued at $43,000. CWM LLC boosted its stake in shares of Moody’s by 123.0% in the 1st quarter. CWM LLC now owns 310 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 171 shares in the last quarter. Finally, JOYN Advisors Inc. boosted its stake in shares of Moody’s by 1,747.4% in the 4th quarter. JOYN Advisors Inc. now owns 351 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 332 shares in the last quarter. 92.80% of the stock is owned by institutional investors.
Shares of NYSE MCO traded up $0.10 during trading on Wednesday, reaching $193.89. 581,057 shares of the company traded hands, compared to its average volume of 941,510. Moody’s Co. has a 52-week low of $129.26 and a 52-week high of $201.38. The stock has a market capitalization of $36.99 billion, a PE ratio of 26.24, a PEG ratio of 1.91 and a beta of 1.28. The firm’s 50 day moving average price is $189.11. The company has a debt-to-equity ratio of 17.70, a current ratio of 1.45 and a quick ratio of 1.45.
Moody’s (NYSE:MCO) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.19. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.02 earnings per share. As a group, equities research analysts forecast that Moody’s Co. will post 7.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 20th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.03%. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.
In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $183.95, for a total value of $8,120,656.70. Following the completion of the sale, the insider now directly owns 229,749 shares of the company’s stock, valued at approximately $42,262,328.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Melanie Hughes sold 3,039 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $197.52, for a total value of $600,263.28. Following the transaction, the senior vice president now owns 3,912 shares of the company’s stock, valued at $772,698.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,500 shares of company stock worth $34,487,147. 0.90% of the stock is owned by insiders.
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Moody’s from $145.00 to $150.00 and gave the company an “underweight” rating in a research note on Tuesday, June 11th. Wells Fargo & Co upped their price objective on shares of Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. BMO Capital Markets upped their price objective on shares of Moody’s from $189.00 to $194.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Cantor Fitzgerald upped their price objective on shares of Moody’s from $168.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, UBS Group upped their price objective on shares of Moody’s from $170.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $184.50.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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