Generali Asset Management SPA SGR Buys 1,554 Shares of Moody’s Corporation $MCO

Generali Asset Management SPA SGR boosted its stake in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,608 shares of the business services provider’s stock after buying an additional 1,554 shares during the period. Generali Asset Management SPA SGR’s holdings in Moody’s were worth $4,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of MCO. Bank of New York Mellon Corp increased its holdings in shares of Moody’s by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,349,281 shares of the business services provider’s stock valued at $1,024,874,000 after acquiring an additional 72,043 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Moody’s by 2.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,420,099 shares of the business services provider’s stock worth $643,191,000 after acquiring an additional 33,024 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Moody’s by 72.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,081,807 shares of the business services provider’s stock worth $471,963,000 after purchasing an additional 454,684 shares during the last quarter. Amundi lifted its stake in shares of Moody’s by 20.0% during the 2nd quarter. Amundi now owns 1,011,495 shares of the business services provider’s stock worth $458,126,000 after purchasing an additional 168,528 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Moody’s by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 882,973 shares of the business services provider’s stock worth $385,188,000 after purchasing an additional 59,121 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of MCO opened at $476.02 on Thursday. The company has a 50 day moving average of $477.58 and a two-hundred day moving average of $468.06. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.86. Moody’s Corporation has a twelve month low of $402.28 and a twelve month high of $546.88. The company has a market cap of $82.07 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.50 and a beta of 1.35.

Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The business services provider reported $4.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($0.11). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.08 billion. Moody’s had a return on equity of 84.76% and a net margin of 35.26%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 earnings per share. As a group, analysts predict that Moody’s Corporation will post 16.71 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. Moody’s’s dividend payout ratio (DPR) is presently 25.11%.

Insiders Place Their Bets

In related news, CEO Robert Fauber sold 1,467 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $484.30, for a total transaction of $710,468.10. Following the transaction, the chief executive officer directly owned 51,964 shares in the company, valued at $25,166,165.20. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MCO has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Moody’s from $470.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, October 22nd. Mizuho boosted their target price on shares of Moody’s from $521.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. JPMorgan Chase & Co. reduced their target price on shares of Moody’s from $570.00 to $555.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. The Goldman Sachs Group increased their price target on shares of Moody’s from $557.00 to $593.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada lowered their price target on shares of Moody’s from $610.00 to $575.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

View Our Latest Stock Report on Moody’s

Moody’s Company Profile

(Free Report)

Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, analytics and risk-management solutions. Through Moody’s Investors Service, the company assigns credit ratings and publishes research on corporate, government and structured-finance debt issuers, helping investors and other market participants evaluate credit risk.

Through Moody’s Analytics, the company provides financial intelligence, economic research, data, software and advisory services. Its offerings support credit analysis, lending, portfolio management, enterprise risk management, compliance and related functions across financial institutions, corporations, governments and other organizations.

Moody’s traces its origins to 1909, when John Moody established the company that introduced published credit ratings for bonds.

Further Reading

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

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