Czech National Bank increased its stake in shares of Moody’s Co. (NYSE:MCO – Free Report) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,788 shares of the business services provider’s stock after purchasing an additional 1,886 shares during the quarter. Czech National Bank’s holdings in Moody’s were worth $15,994,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of MCO. Haverford Trust Co boosted its holdings in Moody’s by 1.8% during the 3rd quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock valued at $580,000 after acquiring an additional 22 shares during the period. Stratos Wealth Advisors LLC boosted its holdings in Moody’s by 2.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock valued at $525,000 after acquiring an additional 23 shares during the period. Okabena Investment Services Inc. boosted its holdings in Moody’s by 0.8% during the 3rd quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock valued at $1,313,000 after acquiring an additional 23 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in Moody’s by 2.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 24 shares during the period. Finally, Adero Partners LLC boosted its holdings in Moody’s by 3.8% during the 3rd quarter. Adero Partners LLC now owns 660 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 24 shares during the period. Institutional investors own 92.11% of the company’s stock.
Moody’s Trading Up 1.2 %
MCO opened at $458.17 on Tuesday. The firm has a market cap of $83.02 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 3.16 and a beta of 1.30. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $503.95. The stock has a fifty day moving average price of $479.92 and a 200-day moving average price of $470.01.
Moody’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 22nd. Moody’s’s dividend payout ratio is currently 31.05%.
Analysts Set New Price Targets
A number of research firms recently issued reports on MCO. Citigroup began coverage on Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective for the company. Evercore ISI began coverage on Moody’s in a report on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 price objective for the company. Robert W. Baird upped their target price on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Raymond James cut Moody’s from a “market perform” rating to an “underperform” rating in a report on Monday, September 23rd. Finally, Morgan Stanley upped their target price on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $506.14.
Get Our Latest Analysis on MCO
Insider Activity at Moody’s
In related news, SVP Caroline Sullivan sold 1,681 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $462.40, for a total transaction of $777,294.40. Following the transaction, the senior vice president now directly owns 1,415 shares of the company’s stock, valued at $654,296. This represents a 54.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $478.99, for a total value of $134,596.19. Following the transaction, the chief executive officer now directly owns 61,354 shares in the company, valued at $29,387,952.46. This represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,243 shares of company stock valued at $1,045,326 in the last ninety days. Corporate insiders own 0.07% of the company’s stock.
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.
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