Retirement Systems of Alabama cut its position in Moody’s Corp. (NYSE:MCO) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,180 shares of the company’s stock after selling 559 shares during the period. Retirement Systems of Alabama’s holdings in Moody’s Corp. were worth $8,076,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of MCO. NN Investment Partners Holdings N.V. purchased a new stake in Moody’s Corp. during the first quarter worth approximately $103,000. BlueMountain Capital Management LLC bought a new stake in shares of Moody’s Corp. during the first quarter worth about $210,000. CIBC World Markets Inc. bought a new stake in shares of Moody’s Corp. during the second quarter worth about $220,000. Fisher Asset Management LLC raised its stake in shares of Moody’s Corp. by 4.6% in the second quarter. Fisher Asset Management LLC now owns 2,260 shares of the company’s stock worth $221,000 after buying an additional 100 shares during the period. Finally, ING Groep NV raised its stake in shares of Moody’s Corp. by 83.4% in the first quarter. ING Groep NV now owns 3,893 shares of the company’s stock worth $376,000 after buying an additional 1,770 shares during the period. 86.91% of the stock is currently owned by institutional investors.
Shares of Moody’s Corp. (NYSE:MCO) traded down 0.55% on Friday, reaching $108.26. The company’s stock had a trading volume of 515,218 shares. The company has a market cap of $20.81 billion, a P/E ratio of 24.18 and a beta of 1.35. The company has a 50 day moving average price of $108.13 and a 200 day moving average price of $100.86. Moody’s Corp. has a 52-week low of $77.76 and a 52-week high of $110.83.
Moody’s Corp. (NYSE:MCO) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.03. The firm had revenue of $928.90 million for the quarter, compared to analyst estimates of $909.08 million. Moody’s Corp. had a negative return on equity of 273.01% and a net margin of 25.81%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. On average, analysts anticipate that Moody’s Corp. will post $4.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. Moody’s Corp.’s dividend payout ratio is currently 33.18%.
A number of equities research analysts have recently issued reports on the company. Morgan Stanley set a $112.00 target price on Moody’s Corp. and gave the stock a “buy” rating in a research report on Friday, August 5th. Barclays PLC reaffirmed an “overweight” rating and set a $95.00 target price on shares of Moody’s Corp. in a research report on Tuesday, June 28th. Zacks Investment Research lowered Moody’s Corp. from a “buy” rating to a “hold” rating in a research report on Friday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $96.00 target price on shares of Moody’s Corp. in a research report on Friday, July 22nd. Finally, Argus boosted their target price on Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $109.29.
In other news, SVP Blair Worrall sold 11,054 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $103.39, for a total value of $1,142,873.06. Following the transaction, the senior vice president now directly owns 13,062 shares in the company, valued at approximately $1,350,480.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Fauber sold 1,970 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $108.37, for a total value of $213,488.90. Following the completion of the transaction, the insider now owns 41,074 shares in the company, valued at $4,451,189.38. The disclosure for this sale can be found here. 1.48% of the stock is owned by insiders.
Moody’s Corp. Company Profile
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 outsourced research and analytical services to financial institution customers.
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