Amalgamated Bank grew its stake in Moody’s Co. (NYSE:MCO) by 10.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,340 shares of the business services provider’s stock after buying an additional 2,387 shares during the quarter. Amalgamated Bank’s holdings in Moody’s were worth $3,926,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. grew its stake in Moody’s by 1.1% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 27,047 shares of the business services provider’s stock worth $4,363,000 after buying an additional 300 shares in the last quarter. Impax Asset Management LLC raised its holdings in Moody’s by 18.8% during the 1st quarter. Impax Asset Management LLC now owns 1,905 shares of the business services provider’s stock worth $307,000 after purchasing an additional 302 shares during the last quarter. Flinton Capital Management LLC raised its holdings in Moody’s by 6.1% during the 4th quarter. Flinton Capital Management LLC now owns 5,320 shares of the business services provider’s stock worth $785,000 after purchasing an additional 308 shares during the last quarter. Sentry Investment Management LLC raised its holdings in Moody’s by 2.6% during the 1st quarter. Sentry Investment Management LLC now owns 12,146 shares of the business services provider’s stock worth $1,959,000 after purchasing an additional 310 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Moody’s by 5.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,948 shares of the business services provider’s stock worth $1,026,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 88.27% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Moody’s from a “buy” rating to a “hold” rating and set a $182.00 price target for the company. in a research report on Wednesday, April 11th. TheStreet raised shares of Moody’s from a “c+” rating to a “b” rating in a report on Wednesday, May 2nd. Morgan Stanley lifted their target price on Moody’s from $168.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 12th. ValuEngine upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, BMO Capital Markets upped their price target on Moody’s to $179.00 and gave the company a “market perform” rating in a research report on Wednesday, May 30th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Moody’s currently has an average rating of “Hold” and an average price target of $172.08.
Moody’s opened at $170.56 on Friday, Marketbeat.com reports. The firm has a market cap of $32.73 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 1.83 and a beta of 1.23. The company has a debt-to-equity ratio of 12.19, a quick ratio of 1.47 and a current ratio of 1.47. Moody’s Co. has a one year low of $121.29 and a one year high of $179.84.
Moody’s (NYSE:MCO) last announced its earnings results on Friday, April 27th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.22. Moody’s had a negative return on equity of 1,599.12% and a net margin of 23.60%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. equities analysts anticipate that Moody’s Co. will post 7.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 21st were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, May 18th. Moody’s’s dividend payout ratio (DPR) is presently 29.00%.
In other news, Director Darrell Duffie sold 500 shares of Moody’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $160.96, for a total value of $80,480.00. Following the completion of the transaction, the director now owns 21,944 shares in the company, valued at approximately $3,532,106.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,215 shares of the business’s stock in a transaction on Friday, April 6th. The shares were sold at an average price of $159.73, for a total value of $7,222,191.95. Following the transaction, the insider now owns 149,011 shares of the company’s stock, valued at approximately $23,801,527.03. The disclosure for this sale can be found here. Insiders have sold a total of 124,086 shares of company stock worth $20,869,470 in the last three months. 1.00% of the stock is owned by corporate insiders.
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.
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