Golden State Equity Partners decreased its position in shares of Moody’s Co. (NYSE:MCO – Free Report) by 65.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 471 shares of the business services provider’s stock after selling 886 shares during the period. Golden State Equity Partners’ holdings in Moody’s were worth $224,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MCO. New Covenant Trust Company N.A. acquired a new stake in shares of Moody’s during the 1st quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in Moody’s by 114.3% in the second quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in Moody’s in the second quarter worth approximately $35,000. EntryPoint Capital LLC acquired a new position in shares of Moody’s during the 1st quarter worth $38,000. Finally, Asset Dedication LLC raised its holdings in shares of Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on MCO shares. Evercore ISI initiated coverage on shares of Moody’s in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $521.00 price objective for the company. Oppenheimer increased their price objective on Moody’s from $536.00 to $543.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. UBS Group increased their price target on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Bank of America boosted their price objective on shares of Moody’s from $430.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $500.00.
Insider Transactions at Moody’s
In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.26, for a total value of $252,783.94. Following the transaction, the insider now owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $444.26, for a total value of $252,783.94. Following the completion of the transaction, the insider now directly owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Richard G. Steele sold 1,862 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $455.43, for a total transaction of $848,010.66. Following the sale, the senior vice president now directly owns 1,040 shares in the company, valued at $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,612 shares of company stock valued at $2,110,119 in the last three months. 0.07% of the stock is owned by corporate insiders.
Moody’s Trading Down 1.1 %
MCO stock opened at $454.04 on Friday. Moody’s Co. has a 1-year low of $303.98 and a 1-year high of $495.10. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $476.78 and its 200-day moving average is $440.31. The firm has a market cap of $82.27 billion, a P/E ratio of 41.46, a P/E/G ratio of 3.10 and a beta of 1.29.
Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.32. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the business earned $2.43 earnings per share. Equities analysts anticipate that Moody’s Co. will post 11.46 earnings per share for the current fiscal year.
Moody’s Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, November 22nd. Moody’s’s dividend payout ratio (DPR) is currently 31.05%.
Moody’s Profile
Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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