Novem Group acquired a new position in Moody's Co. (NYSE:MCO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,737 shares of the business services provider's stock, valued at approximately $823,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCO. Asset Planning Inc bought a new position in shares of Moody's in the fourth quarter worth approximately $42,000. OFI Invest Asset Management acquired a new position in shares of Moody's during the 4th quarter worth approximately $41,000. Albion Financial Group UT purchased a new stake in shares of Moody's in the 4th quarter valued at approximately $45,000. Activest Wealth Management purchased a new position in shares of Moody's in the fourth quarter valued at approximately $47,000. Finally, Larson Financial Group LLC raised its holdings in shares of Moody's by 80.6% in the 4th quarter. Larson Financial Group LLC now owns 121 shares of the business services provider's stock valued at $57,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 92.11% of the company's stock.
Insider Activity
In related news, CEO Robert Fauber sold 415 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total transaction of $181,687.00. Following the transaction, the chief executive officer now directly owns 62,690 shares in the company, valued at $27,445,682. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.
Moody's Stock Performance
MCO stock traded up $10.10 during mid-day trading on Tuesday, hitting $479.75. 177,263 shares of the company were exchanged, compared to its average volume of 767,512. The stock has a market capitalization of $86.31 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. The company has a current ratio of 1.47, a quick ratio of 1.67 and a debt-to-equity ratio of 1.81. Moody's Co. has a 1-year low of $378.71 and a 1-year high of $531.93. The business has a 50 day simple moving average of $452.54 and a 200-day simple moving average of $473.13.
Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.25. Moody's had a net margin of 29.03% and a return on equity of 58.94%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. On average, equities analysts forecast that Moody's Co. will post 13.95 earnings per share for the current year.
Moody's Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, May 16th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.78%. Moody's's dividend payout ratio is presently 32.47%.
Analyst Ratings Changes
Several equities research analysts have recently commented on MCO shares. Mizuho assumed coverage on Moody's in a research note on Wednesday, March 12th. They set a "neutral" rating and a $504.00 price target for the company. Wells Fargo & Company dropped their price target on Moody's from $610.00 to $572.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Bank of America started coverage on shares of Moody's in a research note on Thursday, April 10th. They issued a "buy" rating and a $530.00 target price for the company. UBS Group boosted their target price on shares of Moody's from $510.00 to $540.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, Robert W. Baird lowered their target price on Moody's from $575.00 to $525.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $520.87.
View Our Latest Stock Analysis on Moody's
Moody's 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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