Commerzbank Aktiengesellschaft FI bought a new stake in Moody's Co. (NYSE:MCO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,953 shares of the business services provider’s stock, valued at approximately $690,000.
Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Moody's by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after buying an additional 463,669 shares in the last quarter. BlackRock Inc. lifted its position in Moody's by 1.7% during the 2nd quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after buying an additional 169,560 shares in the last quarter. Fiera Capital Corp lifted its position in Moody's by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after buying an additional 876,210 shares in the last quarter. Principal Financial Group Inc. lifted its position in Moody's by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock worth $713,898,000 after buying an additional 33,723 shares in the last quarter. Finally, Harris Associates L P lifted its position in Moody's by 8.5% during the 2nd quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after buying an additional 288,906 shares in the last quarter. Institutional investors own 87.49% of the company’s stock.
In other news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ewald Kist sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by corporate insiders.
Shares of Moody's Co. (MCO) opened at $152.39 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. The firm has a market capitalization of $28,995.60, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.69 and a beta of 1.36. Moody's Co. has a twelve month low of $93.51 and a twelve month high of $153.86.
Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. Moody's’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 EPS. equities analysts anticipate that Moody's Co. will post 5.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. Moody's’s payout ratio is 54.29%.
Several brokerages recently issued reports on MCO. Cantor Fitzgerald reiterated a “hold” rating and set a $148.00 price target on shares of Moody's in a research report on Wednesday, November 29th. UBS upped their price target on shares of Moody's from $138.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, August 18th. BMO Capital Markets reiterated a “hold” rating and set a $143.00 price target on shares of Moody's in a research report on Friday, October 13th. Morgan Stanley reiterated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Moody's in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded shares of Moody's from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Moody's currently has an average rating of “Buy” and an average target price of $151.89.
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Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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