New Mexico Educational Retirement Board Grows Position in Moody’s Co. (NYSE:MCO)

New Mexico Educational Retirement Board raised its position in Moody’s Co. (NYSE:MCOFree Report) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,192 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Moody’s were worth $2,590,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Avitas Wealth Management LLC grew its stake in shares of Moody’s by 1.2% in the second quarter. Avitas Wealth Management LLC now owns 2,556 shares of the business services provider’s stock valued at $889,000 after buying an additional 30 shares in the last quarter. Sepio Capital LP grew its stake in shares of Moody’s by 0.3% in the second quarter. Sepio Capital LP now owns 10,829 shares of the business services provider’s stock valued at $3,766,000 after buying an additional 30 shares in the last quarter. Clarius Group LLC grew its stake in shares of Moody’s by 1.1% in the second quarter. Clarius Group LLC now owns 2,714 shares of the business services provider’s stock valued at $944,000 after buying an additional 30 shares in the last quarter. First Foundation Advisors grew its stake in shares of Moody’s by 3.8% in the second quarter. First Foundation Advisors now owns 825 shares of the business services provider’s stock valued at $287,000 after buying an additional 30 shares in the last quarter. Finally, IMS Capital Management grew its stake in shares of Moody’s by 0.7% in the second quarter. IMS Capital Management now owns 4,310 shares of the business services provider’s stock valued at $1,499,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.

Insider Transactions at Moody’s

In other news, insider Michael L. West sold 2,754 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $338.38, for a total value of $931,898.52. Following the sale, the insider now owns 8,396 shares of the company’s stock, valued at approximately $2,841,038.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Robert Fauber sold 2,547 shares of Moody’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $376.50, for a total value of $958,945.50. Following the transaction, the chief executive officer now directly owns 54,099 shares in the company, valued at approximately $20,368,273.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael L. West sold 2,754 shares of Moody’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $338.38, for a total value of $931,898.52. Following the completion of the transaction, the insider now owns 8,396 shares in the company, valued at $2,841,038.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,812 shares of company stock valued at $4,776,114. Corporate insiders own 0.42% of the company’s stock.

Moody’s Stock Down 0.1 %

Shares of Moody’s stock opened at $381.28 on Thursday. The business’s fifty day moving average price is $373.60 and its two-hundred day moving average price is $347.42. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market capitalization of $69.77 billion, a P/E ratio of 46.38, a PEG ratio of 2.53 and a beta of 1.31. Moody’s Co. has a 1-year low of $278.23 and a 1-year high of $396.91.

Moody’s (NYSE:MCOGet Free Report) last announced its earnings results on Wednesday, October 25th. The business services provider reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.08. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. Moody’s had a return on equity of 55.27% and a net margin of 26.42%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 EPS. As a group, research analysts forecast that Moody’s Co. will post 10.06 EPS for the current year.

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Wednesday, November 22nd. Moody’s’s dividend payout ratio is presently 37.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MCO shares. Morgan Stanley lowered their price objective on Moody’s from $332.00 to $318.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Royal Bank of Canada restated an “outperform” rating and set a $381.00 price objective on shares of Moody’s in a research note on Thursday, October 26th. JPMorgan Chase & Co. lowered their price objective on Moody’s from $390.00 to $380.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. BMO Capital Markets raised their price objective on Moody’s from $366.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Stifel Nicolaus decreased their target price on Moody’s from $344.00 to $333.00 and set a “hold” rating for the company in a research report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $367.75.

Read 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 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.

Further Reading

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

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