Moody’s Co. (NYSE:MCO) Shares Purchased by Ethic Inc.

Ethic Inc. boosted its position in Moody’s Co. (NYSE:MCOGet Rating) by 10.8% in the first quarter, Holdings Channel.com reports. The firm owned 10,189 shares of the business services provider’s stock after acquiring an additional 994 shares during the quarter. Ethic Inc.’s holdings in Moody’s were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank lifted its position in Moody’s by 177.1% in the first quarter. American National Bank now owns 97 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 62 shares during the period. City State Bank acquired a new stake in Moody’s in the fourth quarter valued at about $35,000. Tcwp LLC purchased a new position in Moody’s in the first quarter valued at about $38,000. Confluence Wealth Services Inc. purchased a new position in Moody’s in the fourth quarter valued at about $45,000. Finally, Prospera Financial Services Inc purchased a new position in Moody’s in the first quarter valued at about $45,000. Institutional investors and hedge funds own 91.73% of the company’s stock.

Moody’s Stock Up 1.2 %

Shares of MCO opened at $299.54 on Friday. The firm has a market cap of $54.97 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.88 and a beta of 1.21. The company’s fifty day moving average is $297.34 and its two-hundred day moving average is $302.95. Moody’s Co. has a fifty-two week low of $251.01 and a fifty-two week high of $407.94. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.89.

Moody’s (NYSE:MCOGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The business services provider reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. Moody’s had a net margin of 28.92% and a return on equity of 71.12%. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.22 EPS. Analysts forecast that Moody’s Co. will post 9.47 earnings per share for the current year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a dividend of $0.70 per share. The ex-dividend date was Thursday, August 18th. This represents a $2.80 annualized dividend and a dividend yield of 0.93%. Moody’s’s payout ratio is 30.24%.

Wall Street Analysts Forecast Growth

MCO has been the subject of a number of research analyst reports. Barclays cut shares of Moody’s from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $350.00 to $285.00 in a report on Friday, June 3rd. UBS Group dropped their target price on shares of Moody’s from $308.00 to $288.00 and set a “neutral” rating for the company in a report on Monday, June 6th. Morgan Stanley dropped their target price on shares of Moody’s from $298.00 to $283.00 and set an “equal weight” rating for the company in a report on Wednesday, July 27th. Royal Bank of Canada dropped their target price on shares of Moody’s from $344.00 to $329.00 in a report on Tuesday, June 7th. Finally, Oppenheimer raised their price objective on shares of Moody’s from $313.00 to $348.00 and gave the stock an “outperform” rating in a research note on Friday, August 19th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.92.

Insider Activity at Moody’s

In other Moody’s news, SVP Caroline Sullivan sold 326 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $310.68, for a total value of $101,281.68. Following the transaction, the senior vice president now owns 1,806 shares in the company, valued at approximately $561,088.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael L. West sold 780 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $310.53, for a total transaction of $242,213.40. Following the completion of the sale, the insider now owns 8,330 shares of the company’s stock, valued at approximately $2,586,714.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Caroline Sullivan sold 326 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $310.68, for a total transaction of $101,281.68. Following the sale, the senior vice president now directly owns 1,806 shares of the company’s stock, valued at approximately $561,088.08. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

About Moody’s

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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.

See Also

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCOGet Rating).

Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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