Investors Sell Moody’s (MCO) on Strength (MCO)
Traders sold shares of Moody’s Co. (NYSE:MCO) on strength during trading on Tuesday. $20.07 million flowed into the stock on the tick-up and $62.47 million flowed out of the stock on the tick-down, for a money net flow of $42.40 million out of the stock. Of all stocks tracked, Moody’s had the 0th highest net out-flow for the day. Moody’s traded up $0.56 for the day and closed at $177.72
A number of equities analysts recently weighed in on MCO shares. BMO Capital Markets upped their price target on Moody’s to $179.00 and gave the stock a “market perform” rating in a report on Wednesday, May 30th. Nomura reduced their price target on Moody’s from $195.00 to $193.00 and set a “buy” rating for the company in a report on Monday, July 9th. Zacks Investment Research cut Moody’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Morgan Stanley upped their price target on Moody’s from $176.00 to $179.00 and gave the stock a “$184.49” rating in a report on Wednesday, July 18th. Finally, Stifel Nicolaus upped their price target on Moody’s from $170.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, July 30th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Moody’s has a consensus rating of “Hold” and a consensus price target of $175.67.
The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 10.72. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.98 and a beta of 1.10.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 20th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 17th. This represents a $1.76 annualized dividend and a yield of 0.98%. Moody’s’s dividend payout ratio (DPR) is currently 29.00%.
In other news, CFO Linda Huber acquired 915 shares of the business’s stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $172.31 per share, for a total transaction of $157,663.65. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of MCO. Wells Fargo & Company MN grew its position in shares of Moody’s by 80.6% in the first quarter. Wells Fargo & Company MN now owns 730,412 shares of the business services provider’s stock valued at $117,815,000 after purchasing an additional 326,025 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Moody’s in the first quarter valued at approximately $212,000. Victory Capital Management Inc. grew its position in shares of Moody’s by 801.6% in the first quarter. Victory Capital Management Inc. now owns 23,684 shares of the business services provider’s stock valued at $3,820,000 after purchasing an additional 21,057 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Moody’s by 10.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 69,049 shares of the business services provider’s stock valued at $11,138,000 after purchasing an additional 6,356 shares in the last quarter. Finally, Chicago Equity Partners LLC grew its position in shares of Moody’s by 22.6% in the first quarter. Chicago Equity Partners LLC now owns 4,340 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 87.88% of the company’s stock.
Moody’s Company Profile (NYSE:MCO)
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
Further Reading: Leveraged Buyout (LBO)
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