Mirae Asset Global Investments Co. Ltd. Has $8.69 Million Holdings in Moody's Corporation (NYSE:MCO)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,842 shares of the business services provider's stock after purchasing an additional 2,388 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Moody's were worth $8,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MCO. B. Riley Wealth Advisors Inc. boosted its stake in shares of Moody's by 0.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock valued at $1,690,000 after buying an additional 20 shares during the period. Carson Advisory Inc. lifted its position in shares of Moody's by 2.9% during the 4th quarter. Carson Advisory Inc. now owns 741 shares of the business services provider's stock valued at $351,000 after acquiring an additional 21 shares during the period. Summit Financial LLC lifted its position in shares of Moody's by 1.4% during the 4th quarter. Summit Financial LLC now owns 1,641 shares of the business services provider's stock valued at $777,000 after acquiring an additional 22 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in Moody's by 1.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,471 shares of the business services provider's stock worth $696,000 after buying an additional 25 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its holdings in Moody's by 2.2% in the 4th quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock valued at $598,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 92.11% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on MCO shares. Robert W. Baird reduced their price target on shares of Moody's from $575.00 to $525.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Mizuho assumed coverage on shares of Moody's in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $504.00 price objective for the company. Oppenheimer upped their price target on shares of Moody's from $523.00 to $552.00 and gave the stock an "outperform" rating in a report on Wednesday. Bank of America began coverage on Moody's in a research note on Thursday, April 10th. They issued a "buy" rating and a $530.00 price target for the company. Finally, Wall Street Zen lowered Moody's from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $521.33.

Moody's Trading Down 1.0%

NYSE:MCO traded down $4.91 on Wednesday, reaching $497.57. 694,440 shares of the stock traded hands, compared to its average volume of 764,780. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.77. Moody's Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The company's 50 day moving average is $474.70 and its 200-day moving average is $472.19. The firm has a market capitalization of $89.51 billion, a price-to-earnings ratio of 42.97, a price-to-earnings-growth ratio of 2.88 and a beta of 1.38.

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

Moody's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.94 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.76 annualized dividend and a dividend yield of 0.76%. Moody's's dividend payout ratio is currently 32.47%.

Insider Buying and Selling at Moody's

In other Moody's news, CEO Robert Fauber sold 415 shares of the firm's stock in a transaction on 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 sale, the chief executive officer directly owned 62,690 shares in the company, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.