PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in Moody’s Corporation (NYSE:MCO – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm bought 23,030 shares of the business services provider’s stock, valued at approximately $11,765,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in shares of Moody’s in the second quarter worth approximately $25,000. Caitlin John LLC bought a new position in shares of Moody’s in the third quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new position in shares of Moody’s in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Moody’s in the third quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Moody’s in the third quarter worth approximately $32,000. Institutional investors own 92.11% of the company’s stock.
Moody’s Stock Performance
Shares of MCO stock opened at $451.54 on Friday. The stock has a fifty day moving average of $447.29 and a 200 day moving average of $470.24. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The firm has a market capitalization of $78.88 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.42 and a beta of 1.35. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.03.
Moody’s Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 0.9%. Moody’s’s dividend payout ratio (DPR) is currently 29.53%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on MCO shares. Wolfe Research restated an “outperform” rating and issued a $535.00 target price on shares of Moody’s in a report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on Moody’s from $600.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company raised their price target on Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Stifel Nicolaus dropped their price target on Moody’s from $574.00 to $540.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, Evercore reaffirmed an “outperform” rating and issued a $610.00 price target on shares of Moody’s in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $544.29.
Read Our Latest Report on Moody’s
Insider Buying and Selling at Moody’s
In other Moody’s news, CEO Robert Fauber sold 1,467 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $466.39, for a total transaction of $684,194.13. Following the completion of the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the transaction, the senior vice president directly owned 1,985 shares of the company’s stock, valued at $900,534.95. This represents a 7.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,717 shares of company stock valued at $2,137,306 in the last three months. Insiders own 0.14% of the company’s stock.
Moody’s Company Profile
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
Featured Articles
- Five stocks we like better than Moody’s
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
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 Corporation (NYSE:MCO – Free Report).
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.
