Picton Mahoney Asset Management cut its stake in Moody’s Co. (NYSE:MCO – Free Report) by 11.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,120 shares of the business services provider’s stock after selling 690 shares during the period. Picton Mahoney Asset Management’s holdings in Moody’s were worth $2,423,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MCO. Larson Financial Group LLC boosted its stake in Moody’s by 272.2% in the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Moody’s in the 4th quarter worth approximately $41,000. Asset Planning Inc acquired a new stake in Moody’s in the 4th quarter worth approximately $42,000. Albion Financial Group UT purchased a new position in Moody’s during the 4th quarter worth approximately $45,000. Finally, Activest Wealth Management purchased a new position in Moody’s during the 4th quarter worth approximately $47,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Moody’s news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at $29,390,984.84. The trade was a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,124 shares of company stock valued at $552,193 in the last 90 days. 0.14% of the stock is owned by insiders.
Moody’s Price Performance
Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.62 EPS for the quarter, topping the consensus estimate of $2.27 by $0.35. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.70 billion. Moody’s had a net margin of 29.03% and a return on equity of 58.94%. As a group, research analysts predict that Moody’s Co. will post 13.95 EPS for the current fiscal year.
Moody’s Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from Moody’s’s previous quarterly dividend of $0.85. Moody’s’s payout ratio is presently 33.36%.
Wall Street Analyst Weigh In
MCO has been the subject of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Moody’s from $459.00 to $533.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. UBS Group raised their price target on shares of Moody’s from $510.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. William Blair reissued an “outperform” rating on shares of Moody’s in a research report on Friday, February 14th. Finally, Citigroup assumed coverage on shares of Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $527.00.
View Our Latest Report on Moody’s
Moody’s Company Profile
Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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