DekaBank Deutsche Girozentrale cut its position in shares of Moody's Co. (NYSE:MCO) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,257 shares of the business services provider’s stock after selling 1,174 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Moody's were worth $2,635,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC bought a new stake in Moody's in the 3rd quarter valued at about $336,000. Teacher Retirement System of Texas boosted its holdings in Moody's by 186.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 13,293 shares of the business services provider’s stock valued at $1,851,000 after purchasing an additional 8,652 shares during the period. Advisor Group Inc. boosted its holdings in Moody's by 32.0% in the 3rd quarter. Advisor Group Inc. now owns 12,506 shares of the business services provider’s stock valued at $1,741,000 after purchasing an additional 3,035 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Moody's by 11.9% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,573 shares of the business services provider’s stock valued at $2,307,000 after purchasing an additional 1,758 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Moody's by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 63,286 shares of the business services provider’s stock valued at $8,809,000 after purchasing an additional 6,840 shares during the period. Institutional investors own 87.49% of the company’s stock.
In related news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by company insiders.
Moody's Co. (NYSE MCO) traded down $0.54 during trading hours on Thursday, reaching $151.73. 801,918 shares of the company’s stock were exchanged, compared to its average volume of 838,620. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $29,090.00, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.70 and a beta of 1.36. Moody's Co. has a 1-year low of $93.51 and a 1-year high of $153.86.
Moody's (NYSE:MCO) last posted its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.15. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. During the same period last year, the company posted $1.34 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. research analysts forecast that Moody's Co. will post 5.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 20th. Moody's’s dividend payout ratio (DPR) is 54.68%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Moody's from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 price objective on shares of Moody's in a research note on Wednesday, November 29th. Piper Jaffray Companies reissued a “hold” rating and issued a $149.00 price objective (up previously from $140.00) on shares of Moody's in a research note on Wednesday, October 4th. UBS increased their price objective on shares of Moody's from $138.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, August 18th. Finally, Argus upped their price target on shares of Moody's to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus 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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