Gilbert & Cook Inc. purchased a new position in shares of Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,288 shares of the business services provider’s stock, valued at approximately $278,000.
Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in Moody’s Corporation during the first quarter valued at approximately $101,000. TrimTabs Asset Management LLC increased its stake in 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 valued at $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. acquired a new stake in Moody’s Corporation during the first quarter valued at approximately $108,000. State of Alaska Department of Revenue acquired a new stake in Moody’s Corporation during the first quarter valued at approximately $113,000. Finally, Advisory Services Network LLC purchased a new position in shares of Moody’s Corporation during the first quarter worth about $137,000. Institutional investors own 88.81% of the company’s stock.
Shares of Moody’s Corporation (MCO) opened at 127.76 on Friday. The firm’s 50-day moving average is $126.54 and its 200 day moving average is $116.82. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The stock has a market capitalization of $24.41 billion, a P/E ratio of 51.33 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 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.18. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. On average, equities research analysts forecast that Moody’s Corporation will post $5.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio is currently 61.29%.
A number of research analysts have recently issued reports on MCO shares. UBS AG restated a “neutral” rating and issued a $138.00 price target (up previously from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Morgan Stanley lifted their price objective on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. BidaskClub upgraded shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Cantor Fitzgerald reiterated a “hold” rating and issued a $116.00 price objective on shares of Moody’s Corporation in a research note on Monday, May 8th. Finally, BMO Capital Markets boosted their price target on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Moody’s Corporation presently has an average rating of “Hold” and a consensus price target of $127.13.
In other Moody’s Corporation news, SVP Blair Worrall sold 11,384 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $114.76, for a total value of $1,306,427.84. Following the completion of the sale, the senior vice president now owns 19,359 shares in the company, valued at $2,221,638.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the sale, the insider now owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,828 shares of company stock valued at $30,938,654. Corporate 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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