Rational Advisors LLC Purchases Shares of 9,726 Moody's Co. (MCO)

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.

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald lifted their target price on shares of Moody's from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday. Nomura assumed coverage on shares of Moody's in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 target price on the stock. Wells Fargo & Co set a $160.00 target price on shares of Moody's and gave the stock a “market perform” rating in a research note on Monday. Finally, BMO Capital Markets lifted their target price on shares of Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Moody's currently has a consensus rating of “Hold” and an average target price of $161.42.

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%.

ILLEGAL ACTIVITY WARNING: “Rational Advisors LLC Purchases Shares of 9,726 Moody's Co. (MCO)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2018/02/13/rational-advisors-llc-purchases-shares-of-9726-moodys-co-mco.html.

About Moody's

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.

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody's Co. (NYSE:MCO).

Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit