48,055 Shares in Moody’s Corp. (MCO) Acquired by Oakwood Capital Management LLC CA
Oakwood Capital Management LLC CA bought a new position in Moody’s Corp. (NYSE:MCO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 48,055 shares of the company’s stock, valued at approximately $4,503,000.
Other large investors have also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new stake in Moody’s Corp. during the first quarter worth $103,000. First Republic Investment Management Inc. purchased a new stake in Moody’s Corp. during the first quarter worth $209,000. BlueMountain Capital Management LLC purchased a new stake in Moody’s Corp. during the first quarter worth $210,000. Fisher Asset Management LLC increased its stake in Moody’s Corp. by 4.6% in the second quarter. Fisher Asset Management LLC now owns 2,260 shares of the company’s stock worth $221,000 after buying an additional 100 shares during the period. Finally, CIBC World Markets Inc. purchased a new stake in Moody’s Corp. during the second quarter worth $220,000. Hedge funds and other institutional investors own 86.91% of the company’s stock.
Moody’s Corp. (NYSE:MCO) traded up 1.40% during trading on Wednesday, hitting $109.46. 954,559 shares of the stock were exchanged. The firm has a market capitalization of $21.04 billion, a PE ratio of 24.44 and a beta of 1.26. The stock has a 50 day moving average price of $106.39 and a 200-day moving average price of $99.60. Moody’s Corp. has a 12-month low of $77.76 and a 12-month high of $110.83.
Moody’s Corp. (NYSE:MCO) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The business had revenue of $928.90 million for the quarter, compared to analysts’ expectations of $909.08 million. During the same period in the prior year, the firm earned $1.28 earnings per share. Moody’s Corp.’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Moody’s Corp. will post $4.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.35%. Moody’s Corp.’s dividend payout ratio (DPR) is currently 33.18%.
A number of research firms have weighed in on MCO. Zacks Investment Research upgraded Moody’s Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Credit Suisse Group AG assumed coverage on Moody’s Corp. in a report on Monday, July 11th. They issued a “neutral” rating and a $99.00 price target on the stock. Barclays PLC upped their price target on Moody’s Corp. from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $96.00 price target on shares of Moody’s Corp. in a report on Friday, July 22nd. Finally, Morgan Stanley set a $112.00 price target on Moody’s Corp. and gave the company a “buy” rating in a report on Friday, August 5th. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Moody’s Corp. presently has a consensus rating of “Hold” and an average price target of $106.96.
In other Moody’s Corp. news, insider Robert Fauber sold 17,796 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $104.78, for a total value of $1,864,664.88. Following the transaction, the insider now directly owns 49,527 shares of the company’s stock, valued at $5,189,439.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $91.94, for a total transaction of $45,970.00. Following the completion of the transaction, the director now directly owns 22,090 shares in the company, valued at $2,030,954.60. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
About Moody’s Corp.
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 outsourced research and analytical services to financial institution customers.
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