Jennison Associates LLC boosted its stake in Moody’s Co. (NYSE:MCO – Free Report) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,333,263 shares of the business services provider’s stock after acquiring an additional 430,878 shares during the period. Jennison Associates LLC owned 1.29% of Moody’s worth $1,107,344,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Moody’s by 8.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,918,257 shares of the business services provider’s stock valued at $1,228,382,000 after acquiring an additional 225,846 shares during the period. PineStone Asset Management Inc. boosted its holdings in Moody’s by 133.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,277,056 shares of the business services provider’s stock valued at $958,481,000 after purchasing an additional 1,303,434 shares in the last quarter. Ninety One UK Ltd boosted its holdings in Moody’s by 1.2% in the 2nd quarter. Ninety One UK Ltd now owns 1,980,021 shares of the business services provider’s stock valued at $833,450,000 after purchasing an additional 24,107 shares in the last quarter. Windacre Partnership LLC boosted its holdings in Moody’s by 11.1% in the 1st quarter. Windacre Partnership LLC now owns 1,746,000 shares of the business services provider’s stock valued at $686,230,000 after purchasing an additional 173,900 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Moody’s by 4.8% in the 2nd quarter. Legal & General Group Plc now owns 1,709,627 shares of the business services provider’s stock valued at $719,635,000 after purchasing an additional 78,782 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
Insider Buying and Selling at Moody’s
In other Moody’s news, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the transaction, the senior vice president now directly owns 1,415 shares in the company, valued at approximately $654,296. The trade was a 54.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the transaction, the chief executive officer now owns 61,354 shares of the company’s stock, valued at $29,387,952.46. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Report on Moody’s
Moody’s Price Performance
MCO stock opened at $468.72 on Wednesday. Moody’s Co. has a 1 year low of $355.77 and a 1 year high of $495.10. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The stock’s 50 day moving average price is $473.45 and its 200 day moving average price is $449.84. The firm has a market cap of $84.93 billion, a P/E ratio of 42.81, a PEG ratio of 3.08 and a beta of 1.29.
Moody’s (NYSE:MCO – Get Free Report) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.32. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $2.43 EPS. Moody’s’s revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts expect that Moody’s Co. will post 12.07 earnings per share for the current fiscal year.
Moody’s Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be issued a $0.85 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.40 annualized dividend and a yield of 0.73%. Moody’s’s dividend payout ratio (DPR) is presently 31.05%.
About Moody’s
Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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