PDS Planning Inc increased its holdings in Moody’s Corporation (NYSE:MCO – Free Report) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112 shares of the business services provider’s stock after purchasing an additional 37 shares during the quarter. PDS Planning Inc’s holdings in Moody’s were worth $558,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in shares of Moody’s by 1,000.0% in the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Moody’s in the 1st quarter worth approximately $30,000. ORG Partners LLC raised its holdings in shares of Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after purchasing an additional 22 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Moody’s by 42.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after purchasing an additional 24 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of Moody’s in the 2nd quarter worth approximately $47,000. 92.11% of the stock is currently owned by institutional investors.
Moody’s Stock Down 1.7%
Moody’s stock opened at $484.17 on Friday. The firm has a market cap of $86.67 billion, a PE ratio of 41.14, a P/E/G ratio of 3.00 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. The firm’s 50 day moving average price is $501.29 and its two-hundred day moving average price is $482.58. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93.
Moody’s Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 15th. Moody’s’s dividend payout ratio is currently 31.95%.
Analysts Set New Price Targets
A number of analysts recently commented on MCO shares. Wells Fargo & Company boosted their target price on shares of Moody’s from $595.00 to $597.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Mizuho boosted their price target on shares of Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Royal Bank Of Canada restated an “outperform” rating and set a $550.00 price target on shares of Moody’s in a report on Thursday. Robert W. Baird boosted their price target on shares of Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Moody’s from $495.00 to $565.00 and gave the company an “overweight” rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $542.79.
Get Our Latest Analysis on Moody’s
Insider Transactions at Moody’s
In other Moody’s news, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $512.65, for a total value of $212,749.75. Following the completion of the sale, the chief executive officer directly owned 61,350 shares of the company’s stock, valued at $31,451,077.50. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Noemie Clemence Heuland sold 897 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total transaction of $455,891.28. Following the completion of the sale, the chief financial officer directly owned 2,148 shares of the company’s stock, valued at $1,091,699.52. This represents a 29.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,423 shares of company stock worth $4,812,135. 0.14% of the stock is owned by company insiders.
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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