Moody’s Co. (NYSE:MCO) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Moody’s Co. (NYSE:MCOGet Rating) by 31.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,077 shares of the business services provider’s stock after purchasing an additional 6,791 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Moody’s were worth $9,473,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Maple Capital Management Inc. grew its position in Moody’s by 2.8% in the 1st quarter. Maple Capital Management Inc. now owns 1,345 shares of the business services provider’s stock worth $454,000 after purchasing an additional 36 shares during the last quarter. Lido Advisors LLC grew its position in Moody’s by 1.0% in the 1st quarter. Lido Advisors LLC now owns 3,630 shares of the business services provider’s stock worth $1,224,000 after purchasing an additional 36 shares during the last quarter. Glassman Wealth Services grew its position in Moody’s by 25.2% in the 4th quarter. Glassman Wealth Services now owns 199 shares of the business services provider’s stock worth $78,000 after purchasing an additional 40 shares during the last quarter. Okabena Investment Services Inc. grew its position in Moody’s by 1.4% in the 4th quarter. Okabena Investment Services Inc. now owns 3,077 shares of the business services provider’s stock worth $1,202,000 after purchasing an additional 41 shares during the last quarter. Finally, Signaturefd LLC grew its position in Moody’s by 1.3% in the 1st quarter. Signaturefd LLC now owns 3,298 shares of the business services provider’s stock worth $1,113,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.73% of the company’s stock.

Moody’s Stock Down 2.8 %

Moody’s stock opened at $270.81 on Wednesday. The firm has a market cap of $49.69 billion, a PE ratio of 29.25, a P/E/G ratio of 2.69 and a beta of 1.21. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50 day moving average price is $297.95 and its two-hundred day moving average price is $301.24. Moody’s Co. has a twelve month low of $251.01 and a twelve month high of $407.94.

Moody’s (NYSE:MCOGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The business services provider reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.43 billion. Moody’s had a net margin of 28.92% and a return on equity of 71.12%. The firm’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.22 EPS. On average, research analysts predict that Moody’s Co. will post 9.47 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, August 18th. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. Moody’s’s dividend payout ratio (DPR) is 30.24%.

Wall Street Analysts Forecast Growth

MCO has been the subject of a number of research analyst reports. Barclays lowered shares of Moody’s from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $350.00 to $285.00 in a research note on Friday, June 3rd. Atlantic Securities lowered shares of Moody’s from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $370.00 to $298.00 in a research note on Wednesday, June 8th. Oppenheimer upped their price target on shares of Moody’s from $313.00 to $348.00 and gave the stock an “outperform” rating in a research note on Friday, August 19th. UBS Group reduced their price target on shares of Moody’s from $308.00 to $288.00 and set a “neutral” rating for the company in a research note on Monday, June 6th. Finally, Royal Bank of Canada reduced their price target on shares of Moody’s from $344.00 to $329.00 in a research note on Tuesday, June 7th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $325.92.

Insider Transactions at Moody’s

In other news, insider Michael L. West sold 780 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $310.53, for a total transaction of $242,213.40. Following the transaction, the insider now owns 8,330 shares in the company, valued at approximately $2,586,714.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Caroline Sullivan sold 326 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $310.68, for a total transaction of $101,281.68. Following the transaction, the senior vice president now owns 1,806 shares in the company, valued at approximately $561,088.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael L. West sold 780 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $310.53, for a total transaction of $242,213.40. Following the sale, the insider now directly owns 8,330 shares of the company’s stock, valued at $2,586,714.90. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

About Moody’s

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Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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

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