Two Sigma Advisers LP raised its position in shares of Moody’s Co. (NYSE:MCO) by 3,034.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 147,300 shares of the business services provider’s stock after purchasing an additional 142,600 shares during the quarter. Two Sigma Advisers LP owned approximately 0.08% of Moody’s worth $31,154,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MCO. Cambridge Investment Research Advisors Inc. increased its position in Moody’s by 7.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,823 shares of the business services provider’s stock valued at $908,000 after purchasing an additional 266 shares during the period. Synovus Financial Corp increased its position in Moody’s by 4.9% during the 4th quarter. Synovus Financial Corp now owns 862 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 40 shares during the period. Acadian Asset Management LLC acquired a new stake in Moody’s during the 4th quarter valued at approximately $34,000. Great Diamond Partners LLC bought a new position in shares of Moody’s during the 4th quarter worth approximately $56,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Moody’s by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 712,946 shares of the business services provider’s stock worth $169,261,000 after buying an additional 9,579 shares in the last quarter. 90.31% of the stock is owned by institutional investors and hedge funds.
In other Moody’s news, CEO Raymond W. Mcdaniel sold 42,905 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $222.18, for a total transaction of $9,532,632.90. Following the transaction, the chief executive officer now directly owns 286,151 shares in the company, valued at approximately $63,577,029.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $245.64, for a total value of $1,842,300.00. Following the transaction, the chief executive officer now owns 242,131 shares in the company, valued at $59,477,058.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,652 shares of company stock worth $22,786,983. Company insiders own 0.79% of the company’s stock.
A number of equities analysts have issued reports on MCO shares. Wells Fargo & Co increased their price target on Moody’s from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. BMO Capital Markets increased their price target on Moody’s from $285.00 to $298.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Morgan Stanley increased their price target on Moody’s from $228.00 to $248.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. Credit Suisse Group started coverage on Moody’s in a report on Friday, May 29th. They set an “outperform” rating and a $285.00 price target on the stock. Finally, Oppenheimer started coverage on Moody’s in a report on Monday, May 18th. They set an “outperform” rating and a $290.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Moody’s presently has an average rating of “Buy” and a consensus target price of $268.00.
Shares of MCO traded down $0.56 during trading hours on Thursday, reaching $274.46. The stock had a trading volume of 5,987 shares, compared to its average volume of 832,604. Moody’s Co. has a 12 month low of $164.19 and a 12 month high of $287.25. The firm has a 50-day simple moving average of $260.15 and a 200 day simple moving average of $244.61. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 8.47. The company has a market capitalization of $51.45 billion, a price-to-earnings ratio of 34.04, a P/E/G ratio of 3.29 and a beta of 1.18.
Moody’s (NYSE:MCO) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.43. Moody’s had a return on equity of 235.22% and a net margin of 30.88%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $2.07 EPS. Moody’s’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that Moody’s Co. will post 8.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, May 19th. Moody’s’s dividend payout ratio (DPR) is presently 27.02%.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
Further Reading: Net Income
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