2 weeks Ago By ABMN Staff
Legal & General Group Plc raised its holdings in shares of Moody’s Co. ( NYSE:MCO – Free Report ) by 4.8% during the second quarter, HoldingsChannel reports.
The institutional investor owned 1,709,627 shares of the business services provider’s stock after acquiring an additional 78,782 shares during the quarter. Legal & General Group Plc’s holdings in Moody’s were worth $719,635,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of the business.
Public Employees Retirement Association of Colorado lifted its position in shares of Moody’s by 392.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 24,668 shares of the business services provider’s stock worth $9,634,000 after purchasing an additional 19,660 shares in the last quarter.
Motco grew its stake in shares of Moody’s by 9,756.3% during the first quarter. Motco now owns 1,577 shares of the business services provider’s stock valued at $620,000 after acquiring an additional 1,561 shares in the last quarter.
Wealthcare Advisory Partners LLC purchased a new stake in shares of Moody’s during the first quarter worth about $2,967,000. SG Americas Securities LLC lifted its stake in shares of Moody’s by 52.2% in the second quarter.
SG Americas Securities LLC now owns 35,264 shares of the business services provider’s stock worth $14,844,000 after acquiring an additional 12,099 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in Moody’s by 4.4% in the fourth quarter.
TD Asset Management Inc now owns 59,952 shares of the business services provider’s stock valued at $23,415,000 after purchasing an additional 2,518 shares during the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
Moody’s Stock Performance MCO stock opened at $473.29 on Friday. The company has a market capitalization of $86.
42 billion, a P/E ratio of 51.67, a PEG ratio of 3.18 and a beta of 1.
29. The company has a quick ratio of 1.52, a current ratio of 1.
52 and a debt-to-equity ratio of 1.59. The company has a 50-day simple moving average of $469.
93 and a 200 day simple moving average of $426.05. Moody’s Co.
has a fifty-two week low of $298.86 and a fifty-two week high of $495.10.
Moody’s Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.85 dividend.
This represents a $3.40 annualized dividend and a yield of 0.72%.
The ex-dividend date of this dividend was Friday, August 16th. Moody’s’s dividend payout ratio (DPR) is presently 37.12%.
Insider Buying and Selling at Moody’s In other news, SVP Richard G. Steele sold 1,862 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $455.
43, for a total transaction of $848,010.66. Following the completion of the sale, the senior vice president now directly owns 1,040 shares of the company’s stock, valued at $473,647.
20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . In other Moody’s news, SVP Richard G.
Steele sold 1,862 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $455.43, for a total transaction of $848,010.
66. Following the completion of the sale, the senior vice president now directly owns 1,040 shares in the company, valued at approximately $473,647.20.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Stephen T. Tulenko sold 500 shares of the company’s stock in a transaction dated Friday, August 9th.
The shares were sold at an average price of $464.06, for a total value of $232,030.00.
Following the completion of the transaction, the insider now owns 6,647 shares in the company, valued at approximately $3,084,606.82. The disclosure for this sale can be found here .
In the last three months, insiders sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is owned by insiders.
Analyst Ratings Changes A number of equities analysts have issued reports on the company. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research report on Monday, September 23rd.
Bank of America upped their price target on shares of Moody’s from $430.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, July 16th.
Royal Bank of Canada raised their price objective on shares of Moody’s from $450.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th.
Stifel Nicolaus upped their target price on shares of Moody’s from $443.00 to $454.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th.
Finally, UBS Group lifted their price target on Moody’s from $455.00 to $470.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $477.
08. View Our Latest Stock Report 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. Read More 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 Co.
( 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 .
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