Moody’s Corporation (MCO) Stake Held by George Kaiser Family Foundation
George Kaiser Family Foundation held its position in shares of Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,181 shares of the business services provider’s stock at the end of the second quarter. Moody’s Corporation accounts for approximately 0.5% of George Kaiser Family Foundation’s investment portfolio, making the stock its 14th largest position. George Kaiser Family Foundation’s holdings in Moody’s Corporation were worth $1,117,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Moody’s Corporation during the first quarter worth approximately $101,000. TrimTabs Asset Management LLC raised its position in shares of Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock worth $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. bought a new position in shares of Moody’s Corporation during the first quarter worth approximately $108,000. State of Alaska Department of Revenue bought a new position in shares of Moody’s Corporation during the first quarter worth approximately $113,000. Finally, Advisory Services Network LLC bought a new position in shares of Moody’s Corporation during the first quarter worth approximately $137,000. 88.81% of the stock is currently owned by institutional investors.
Shares of Moody’s Corporation (NYSE MCO) opened at 126.91 on Friday. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The firm has a 50-day moving average price of $126.28 and a 200-day moving average price of $116.63. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 50.99 and a beta of 1.29.
Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. Equities research analysts anticipate that Moody’s Corporation will post $5.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.
A number of research analysts have recently commented on MCO shares. BidaskClub lowered Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Monday, July 17th. Morgan Stanley increased their price objective on Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Barclays PLC increased their price objective on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, June 28th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $116.00 price objective on shares of Moody’s Corporation in a report on Monday, May 8th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $127.13.
In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the transaction, the insider now owns 308,761 shares of the company’s stock, valued at $34,998,059.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Linda Huber sold 13,698 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $119.50, for a total value of $1,636,911.00. Following the transaction, the vice president now directly owns 77,836 shares in the company, valued at approximately $9,301,402. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,828 shares of company stock worth $30,938,654. Company insiders own 1.17% of the company’s stock.
About Moody’s Corporation
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 research and analytical services to financial institution customers.
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