Rational Advisors LLC bought a new position in Moody's Co. (NYSE:MCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,726 shares of the business services provider’s stock, valued at approximately $1,436,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Candriam Luxembourg S.C.A. increased its stake in shares of Moody's by 74.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 29,727 shares of the business services provider’s stock worth $4,388,000 after buying an additional 12,659 shares during the period. KBC Group NV increased its stake in shares of Moody's by 49.1% in the fourth quarter. KBC Group NV now owns 188,976 shares of the business services provider’s stock worth $27,894,000 after buying an additional 62,215 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Moody's by 3.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 34,737 shares of the business services provider’s stock worth $5,127,000 after buying an additional 1,234 shares during the period. California Public Employees Retirement System increased its stake in shares of Moody's by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 491,343 shares of the business services provider’s stock worth $72,527,000 after buying an additional 9,498 shares during the period. Finally, Sarasin & Partners LLP increased its stake in shares of Moody's by 4.4% in the fourth quarter. Sarasin & Partners LLP now owns 268,509 shares of the business services provider’s stock worth $39,635,000 after buying an additional 11,292 shares during the period. 87.31% of the stock is currently owned by institutional investors.
In other Moody's news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total transaction of $568,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,005 shares of company stock worth $716,738. Insiders own 1.17% of the company’s stock.
Moody's Co. (NYSE:MCO) opened at $159.28 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22. The stock has a market cap of $29,551.71, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. Moody's Co. has a 1 year low of $108.12 and a 1 year high of $167.23.
Moody's (NYSE:MCO) last issued its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. equities research analysts predict that Moody's Co. will post 7.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.44 per share. This is an increase from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, February 16th. Moody's’s payout ratio is presently 29.51%.
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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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