Shelter Rock Management LLC acquired a new stake in Moody’s Corporation (NYSE:MCO – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,261 shares of the business services provider’s stock, valued at approximately $645,000. Moody’s accounts for about 0.6% of Shelter Rock Management LLC’s investment portfolio, making the stock its 23rd biggest position.
Several other large investors also recently modified their holdings of MCO. Newbridge Financial Services Group Inc. bought a new position in shares of Moody’s in the second quarter valued at about $25,000. Caitlin John LLC bought a new position in shares of Moody’s in the third quarter valued at about $27,000. Ares Financial Consulting LLC bought a new position in shares of Moody’s in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Moody’s in the third quarter valued at about $30,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Moody’s in the third quarter valued at about $32,000. 92.11% of the stock is owned by institutional investors.
Moody’s Price Performance
NYSE:MCO opened at $449.30 on Friday. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The firm has a market cap of $78.49 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.42 and a beta of 1.37. The firm’s 50-day simple moving average is $443.54 and its 200 day simple moving average is $472.64. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16.
Moody’s Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. Moody’s’s dividend payout ratio (DPR) is currently 29.53%.
Insider Activity
In other Moody’s news, SVP Richard G. Steele sold 375 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $456.71, for a total value of $171,266.25. Following the transaction, the senior vice president directly owned 2,459 shares of the company’s stock, valued at $1,123,049.89. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Fauber sold 5,213 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $456.71, for a total transaction of $2,380,829.23. Following the completion of the transaction, the chief executive officer directly owned 75,789 shares in the company, valued at approximately $34,613,594.19. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,680 shares of company stock worth $3,952,188. Insiders own 0.14% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on MCO. Wall Street Zen lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Stifel Nicolaus lowered their price target on shares of Moody’s from $574.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley lowered their price target on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $489.00 price target on shares of Moody’s in a research report on Thursday, April 23rd. Finally, Barclays lowered their price target on shares of Moody’s from $580.00 to $550.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $544.29.
Check Out Our Latest Stock Analysis on Moody’s
Moody’s Company Profile
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
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