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IFM Investors Pty Ltd Acquires 2,919 Shares of Moody's Corporation (NYSE:MCO)

Moody's logo with Finance background

IFM Investors Pty Ltd boosted its stake in Moody's Corporation (NYSE:MCO - Free Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,090 shares of the business services provider's stock after purchasing an additional 2,919 shares during the period. IFM Investors Pty Ltd's holdings in Moody's were worth $15,230,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Moody's by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 14,696,081 shares of the business services provider's stock valued at $6,956,684,000 after acquiring an additional 63,820 shares during the period. Geode Capital Management LLC grew its position in shares of Moody's by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 3,680,799 shares of the business services provider's stock valued at $1,738,645,000 after acquiring an additional 68,627 shares during the period. Norges Bank bought a new stake in shares of Moody's during the 4th quarter valued at $988,750,000. Northern Trust Corp grew its position in shares of Moody's by 20.5% during the 4th quarter. Northern Trust Corp now owns 1,776,729 shares of the business services provider's stock valued at $841,050,000 after acquiring an additional 302,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Moody's by 16.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,590,679 shares of the business services provider's stock valued at $752,980,000 after acquiring an additional 220,681 shares during the period. Institutional investors own 92.11% of the company's stock.

Moody's Price Performance

MCO stock traded up $7.30 during mid-day trading on Friday, hitting $504.42. The company had a trading volume of 485,177 shares, compared to its average volume of 766,859. The company has a market capitalization of $90.74 billion, a price-to-earnings ratio of 43.56, a P/E/G ratio of 2.89 and a beta of 1.38. Moody's Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.77. The company has a 50-day moving average price of $478.63 and a 200 day moving average price of $472.62.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.58 by $0.25. The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.90 billion. Moody's had a net margin of 29.15% and a return on equity of 60.37%. On average, research analysts anticipate that Moody's Corporation will post 13.95 earnings per share for the current year.

Moody's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, May 16th. Moody's's payout ratio is currently 32.47%.

Insider Activity

In related news, CEO Robert Fauber sold 415 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $437.80, for a total value of $181,687.00. Following the completion of the transaction, the chief executive officer owned 62,690 shares of the company's stock, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

MCO has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Moody's in a research report on Thursday, April 10th. They set a "buy" rating and a $530.00 price objective for the company. BMO Capital Markets cut their price objective on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating for the company in a research report on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $550.00 price objective on shares of Moody's in a research report on Wednesday, June 4th. Robert W. Baird dropped their target price on shares of Moody's from $575.00 to $525.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Moody's from $533.00 to $468.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $521.40.

Read Our Latest Stock Analysis on Moody's

Moody's Company Profile

(Free Report)

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

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