Korea Investment CORP decreased its holdings in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,565 shares of the business services provider’s stock after selling 13,646 shares during the quarter. Korea Investment CORP owned approximately 0.05% of Moody’s worth $45,435,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its stake in Moody’s by 1,000.0% during the first 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 during the last quarter. Golden State Wealth Management LLC lifted its stake in Moody’s by 5,050.0% in the first quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider’s stock valued at $48,000 after buying an additional 101 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in Moody’s in the first quarter valued at approximately $49,000. Meeder Asset Management Inc. lifted its stake in Moody’s by 132.6% in the first quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after buying an additional 61 shares during the last quarter. Finally, Motco lifted its stake in Moody’s by 581.3% in the first quarter. Motco now owns 109 shares of the business services provider’s stock valued at $51,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Moody’s Trading Down 1.4%
NYSE:MCO opened at $509.18 on Tuesday. The stock has a fifty day moving average price of $499.71 and a two-hundred day moving average price of $479.43. The stock has a market capitalization of $91.14 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 3.31 and a beta of 1.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93.
Moody’s Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.76 annualized dividend and a yield of 0.7%. Moody’s’s dividend payout ratio is 31.95%.
Analysts Set New Price Targets
MCO has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Moody’s from $495.00 to $565.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Robert W. Baird boosted their price objective on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Stifel Nicolaus reduced their price objective on Moody’s from $533.00 to $468.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Barclays boosted their price objective on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley upped their price target on Moody’s from $493.00 to $498.00 and gave the stock an “equal weight” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $538.80.
Get Our Latest Analysis on Moody’s
Insider Buying and Selling
In other Moody’s news, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $521.45, for a total value of $216,401.75. Following the sale, the chief executive officer owned 61,618 shares of the company’s stock, valued at approximately $32,130,706.10. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total value of $1,083,701.60. Following the completion of the sale, the insider directly owned 5,558 shares in the company, valued at $2,841,138.44. This trade represents a 27.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,008 shares of company stock valued at $4,599,385 in the last three months. 0.14% of the stock is owned by insiders.
Moody’s 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.
Further Reading
- Five stocks we like better than Moody’s
- Why Invest in 5G? How to Invest in 5G Stocks
- Insiders Trade Millions in NVIDIA-Linked Navitas, Hims, & Shift4
- About the Markup Calculator
- Why Datadog Is the AI Infrastructure Firm to Watch Out For
- How to Invest in Biotech Stocks
- 4 Stocks Every AI ETF Is Buying—And They’re Not What You Think
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.