Tema Etfs LLC Invests $1.24 Million in Moody's Co. (NYSE:MCO)

Tema Etfs LLC acquired a new stake in shares of Moody's Co. (NYSE:MCO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,611 shares of the business services provider's stock, valued at approximately $1,236,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Toronto Dominion Bank grew its position in Moody's by 27.6% during the 4th quarter. Toronto Dominion Bank now owns 175,728 shares of the business services provider's stock worth $83,183,000 after purchasing an additional 38,014 shares during the period. Snowden Capital Advisors LLC increased its position in shares of Moody's by 15.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,360 shares of the business services provider's stock worth $644,000 after purchasing an additional 183 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings in Moody's by 561.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 41,179 shares of the business services provider's stock valued at $19,493,000 after acquiring an additional 34,954 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new position in Moody's during the fourth quarter worth $507,000. Finally, Sora Investors LLC acquired a new position in shares of Moody's during the 4th quarter valued at about $3,381,000. Hedge funds and other institutional investors own 92.11% of the company's stock.

Insider Activity

In other news, CEO Robert Fauber sold 415 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 62,690 shares of the company's stock, valued at $27,445,682. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

MCO has been the topic of several analyst reports. Mizuho assumed coverage on shares of Moody's in a research report on Wednesday, March 12th. They set a "neutral" rating and a $504.00 price target on the stock. Bank of America started coverage on Moody's in a research note on Thursday, April 10th. They issued a "buy" rating and a $530.00 price objective on the stock. StockNews.com cut shares of Moody's from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Stifel Nicolaus cut their target price on Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Moody's from $585.00 to $495.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Moody's presently has a consensus rating of "Moderate Buy" and a consensus target price of $515.87.

Moody's Price Performance

Shares of MCO traded down $14.29 during trading hours on Wednesday, reaching $472.70. The company had a trading volume of 624,036 shares, compared to its average volume of 771,438. 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 12-month low of $378.71 and a 12-month high of $531.93. The firm has a 50 day simple moving average of $451.06 and a 200-day simple moving average of $472.90. The company has a market capitalization of $85.04 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.87 and a beta of 1.40.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.25. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. Moody's had a net margin of 29.03% and a return on equity of 58.94%. Research analysts expect that Moody's Co. will post 13.95 earnings per share for the current year.

Moody's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, May 16th. Moody's's payout ratio is currently 32.47%.

Moody's Company 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.