ExodusPoint Capital Management LP acquired a new stake in Moody’s Co. (NYSE:MCO – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,874 shares of the business services provider’s stock, valued at approximately $1,186,000.
Other institutional investors have also added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in shares of Moody’s in the 4th quarter valued at $28,000. ST Germain D J Co. Inc. acquired a new position in Moody’s during the 4th quarter worth approximately $36,000. Exos TFP Holdings LLC acquired a new position in shares of Moody’s during the fourth quarter worth $46,000. Belpointe Asset Management LLC bought a new position in Moody’s in the fourth quarter valued at about $52,000. Finally, Global Retirement Partners LLC boosted its position in Moody’s by 46.3% during the 1st quarter. Global Retirement Partners LLC now owns 196 shares of the business services provider’s stock worth $59,000 after buying an additional 62 shares during the period. 90.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have commented on MCO shares. Bank of America assumed coverage on Moody’s in a report on Thursday, June 15th. They set a “buy” rating on the stock. Royal Bank of Canada increased their target price on shares of Moody’s from $350.00 to $404.00 in a research report on Wednesday, July 26th. StockNews.com downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. The Goldman Sachs Group increased their price objective on shares of Moody’s from $328.00 to $362.00 and gave the stock a “neutral” rating in a research report on Monday, July 3rd. Finally, Morgan Stanley boosted their target price on shares of Moody’s from $300.00 to $323.00 in a report on Monday, July 10th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $325.53.
Insider Buying and Selling at Moody’s
In related news, CEO Robert Fauber sold 418 shares of Moody’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $344.13, for a total value of $143,846.34. Following the completion of the sale, the chief executive officer now owns 65,838 shares of the company’s stock, valued at approximately $22,656,830.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Moody’s news, SVP Caroline Sullivan sold 297 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $339.04, for a total value of $100,694.88. Following the completion of the transaction, the senior vice president now owns 891 shares in the company, valued at approximately $302,084.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Fauber sold 418 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $344.13, for a total value of $143,846.34. Following the sale, the chief executive officer now owns 65,838 shares in the company, valued at $22,656,830.94. The disclosure for this sale can be found here. Insiders have sold a total of 24,483 shares of company stock worth $8,360,390 over the last ninety days. 0.42% of the stock is currently owned by company insiders.
Moody’s Price Performance
Shares of NYSE MCO opened at $339.32 on Monday. The company has a market capitalization of $62.27 billion, a PE ratio of 43.73, a PEG ratio of 2.59 and a beta of 1.30. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 2.09. The stock’s 50 day moving average price is $343.08 and its 200-day moving average price is $320.30. Moody’s Co. has a twelve month low of $230.16 and a twelve month high of $363.19.
Moody’s (NYSE:MCO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.07. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.45 billion. Moody’s had a net margin of 25.81% and a return on equity of 55.98%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.22 earnings per share. On average, equities analysts anticipate that Moody’s Co. will post 10.07 EPS for the current year.
Moody’s Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, August 17th. Moody’s’s dividend payout ratio is currently 39.69%.
Moody’s Company Profile
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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