PensionDanmark Pensionsforsikringsaktieselskab decreased its holdings in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 36.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,068 shares of the business services provider’s stock after selling 15,322 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Moody’s were worth $12,260,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Wilkerson Advisory Group LLC increased its holdings in shares of Moody’s by 87.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 58 shares of the business services provider’s stock worth $25,000 after buying an additional 27 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Moody’s in the 2nd quarter valued at about $25,000. Whipplewood Advisors LLC grew its position in Moody’s by 1,866.7% in the first quarter. Whipplewood Advisors LLC now owns 59 shares of the business services provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Moody’s during the fourth quarter worth approximately $26,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in Moody’s during the fourth quarter worth approximately $27,000. Institutional investors own 92.11% of the company’s stock.
Moody’s Stock Up 0.9%
Shares of NYSE MCO opened at $477.26 on Friday. Moody’s Corporation has a 1 year low of $402.28 and a 1 year high of $546.88. The firm has a 50-day simple moving average of $471.89 and a two-hundred day simple moving average of $461.15. The company has a market cap of $82.66 billion, a P/E ratio of 30.26, a PEG ratio of 2.34 and a beta of 1.33. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.19.
Moody’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a yield of 0.9%. Moody’s’s dividend payout ratio (DPR) is presently 26.13%.
Insider Buying and Selling at Moody’s
In related news, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the transaction, the senior vice president owned 1,985 shares of the company’s stock, valued at $900,534.95. This trade represents a 7.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of Moody’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $484.30, for a total transaction of $710,468.10. Following the sale, the chief executive officer owned 51,964 shares of the company’s stock, valued at $25,166,165.20. The trade was a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,092 shares of company stock valued at $1,447,682. Corporate insiders own 0.14% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Rothschild & Co Redburn set a $500.00 price objective on Moody’s in a research note on Thursday, June 18th. Weiss Ratings raised Moody’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. Barclays increased their price target on Moody’s from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their price objective on shares of Moody’s from $590.00 to $597.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group started coverage on shares of Moody’s in a research report on Friday, July 17th. They set a “buy” rating and a $610.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $553.61.
Read Our Latest Stock Report on Moody’s
About Moody’s
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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