Moody’s Co. (NYSE:MCO) Stock Holdings Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in Moody’s Co. (NYSE:MCOFree Report) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,803 shares of the business services provider’s stock after selling 8,181 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.22% of Moody’s worth $127,354,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Natixis purchased a new position in shares of Moody’s in the second quarter worth approximately $25,000. Clearstead Trust LLC purchased a new position in shares of Moody’s in the second quarter worth approximately $27,000. Ancora Advisors LLC increased its position in shares of Moody’s by 4,900.0% in the first quarter. Ancora Advisors LLC now owns 100 shares of the business services provider’s stock worth $31,000 after acquiring an additional 98 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Moody’s in the first quarter worth approximately $31,000. Finally, Compass Wealth Management LLC purchased a new position in Moody’s during the fourth quarter valued at approximately $28,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MCO shares. Morgan Stanley lowered their price objective on shares of Moody’s from $332.00 to $318.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Stifel Nicolaus lowered their price objective on shares of Moody’s from $344.00 to $333.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. Barclays lowered their price objective on shares of Moody’s from $350.00 to $340.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $381.00 target price on shares of Moody’s in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Moody’s currently has an average rating of “Moderate Buy” and an average target price of $367.75.

Read Our Latest Report on MCO

Moody’s Price Performance

Shares of Moody’s stock opened at $379.84 on Friday. The firm has a fifty day simple moving average of $370.91 and a 200-day simple moving average of $346.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.04. Moody’s Co. has a 1-year low of $278.23 and a 1-year high of $396.91. The stock has a market capitalization of $69.51 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 2.50 and a beta of 1.31.

Moody’s (NYSE:MCOGet Free Report) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.08. Moody’s had a net margin of 26.42% and a return on equity of 55.27%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the company earned $1.85 earnings per share. Moody’s’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts expect that Moody’s Co. will post 10.06 earnings per share for the current year.

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, November 22nd. Moody’s’s dividend payout ratio (DPR) is currently 37.47%.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 2,546 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $306.21, for a total transaction of $779,610.66. Following the transaction, the chief executive officer now owns 59,838 shares of the company’s stock, valued at $18,322,993.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Michael L. West sold 2,754 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $338.38, for a total transaction of $931,898.52. Following the transaction, the insider now owns 8,396 shares of the company’s stock, valued at $2,841,038.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Fauber sold 2,546 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $306.21, for a total transaction of $779,610.66. Following the transaction, the chief executive officer now directly owns 59,838 shares in the company, valued at approximately $18,322,993.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,265 shares of company stock valued at $3,817,168. 0.42% of the stock is owned by company insiders.

About Moody’s

(Free Report)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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