MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 331 Shares of Moody’s Co. (NYSE:MCO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in Moody’s Co. (NYSE:MCO) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,056 shares of the business services provider’s stock after acquiring an additional 331 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Moody’s were worth $2,355,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. grew its stake in Moody’s by 0.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider’s stock valued at $1,690,000 after purchasing an additional 20 shares in the last quarter. Carson Advisory Inc. grew its stake in Moody’s by 2.9% in the fourth quarter. Carson Advisory Inc. now owns 741 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 21 shares in the last quarter. Summit Financial LLC grew its stake in Moody’s by 1.4% in the fourth quarter. Summit Financial LLC now owns 1,641 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 22 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Moody’s by 1.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,471 shares of the business services provider’s stock valued at $696,000 after purchasing an additional 25 shares in the last quarter. Finally, Cornerstone Advisory LLC grew its stake in Moody’s by 2.2% in the fourth quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 25 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 415 shares of Moody’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total value of $181,687.00. Following the transaction, the chief executive officer now owns 62,690 shares in the company, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Moody’s Price Performance

Shares of NYSE MCO opened at $471.57 on Monday. The stock has a market capitalization of $84.84 billion, a PE ratio of 41.84, a P/E/G ratio of 2.87 and a beta of 1.39. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.47 and a quick ratio of 1.67. The business has a fifty day moving average price of $461.41 and a two-hundred day moving average price of $473.10. Moody’s Co. has a fifty-two week low of $378.71 and a fifty-two week high of $531.93.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.25. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Moody’s had a return on equity of 58.94% and a net margin of 29.03%. As a group, equities analysts predict that Moody’s Co. will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $0.94 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.76 annualized dividend and a yield of 0.80%. Moody’s’s dividend payout ratio is presently 32.47%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MCO. Robert W. Baird cut their price objective on Moody’s from $575.00 to $525.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Bank of America began coverage on Moody’s in a research report on Thursday, April 10th. They issued a “buy” rating and a $530.00 price objective for the company. BMO Capital Markets cut their price objective on Moody’s from $475.00 to $456.00 and set a “market perform” rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen cut Moody’s from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Mizuho began coverage on Moody’s in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $504.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $519.40.

About Moody’s

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.