Goldman Sachs Group Inc. decreased its position in Moody's Co. (NYSE:MCO) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 782,327 shares of the business services provider’s stock after selling 31,893 shares during the period. Goldman Sachs Group Inc. owned approximately 0.41% of Moody's worth $115,479,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its stake in Moody's by 2,358.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock valued at $105,000 after buying an additional 684 shares during the period. Truewealth LLC acquired a new position in Moody's during the fourth quarter worth $105,000. Delpha Capital Management LLC acquired a new position in shares of Moody's in the fourth quarter valued at $117,000. Grove Bank & Trust increased its holdings in shares of Moody's by 156.7% in the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 550 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Moody's in the fourth quarter valued at $192,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.
Shares of Moody's Co. (MCO) opened at $169.08 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48. The firm has a market capitalization of $32,460.25, a PE ratio of 28.26, a P/E/G ratio of 2.01 and a beta of 1.29. Moody's Co. has a twelve month low of $110.11 and a twelve month high of $171.68.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, February 16th. This is an increase from Moody's’s previous quarterly dividend of $0.38. Moody's’s dividend payout ratio (DPR) is 34.17%.
In other Moody's news, insider Robert Fauber sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $168.00, for a total value of $588,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,682 shares of company stock valued at $5,788,681. Corporate insiders own 1.17% of the company’s stock.
Several research firms have commented on MCO. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody's in a report on Friday, February 9th. Barclays boosted their target price on shares of Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Credit Suisse Group reissued a “neutral” rating and issued a $187.00 target price (up previously from $161.00) on shares of Moody's in a research report on Monday, February 12th. Wells Fargo & Co set a $160.00 target price on shares of Moody's and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, BMO Capital Markets boosted their target price on shares of Moody's from $159.00 to $161.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Moody's has an average rating of “Hold” and an average price target of $163.50.
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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