Moody’s Co. (MCO) Shares Bought by Impax Asset Management LLC

Impax Asset Management LLC grew its position in shares of Moody’s Co. (NYSE:MCO) by 18.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,905 shares of the business services provider’s stock after purchasing an additional 302 shares during the period. Impax Asset Management LLC’s holdings in Moody’s were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its stake in Moody’s by 3.5% during the first quarter. BlackRock Inc. now owns 10,928,167 shares of the business services provider’s stock worth $1,762,712,000 after purchasing an additional 370,256 shares during the last quarter. Deutsche Bank AG lifted its stake in Moody’s by 1.3% during the fourth quarter. Deutsche Bank AG now owns 2,029,070 shares of the business services provider’s stock worth $299,502,000 after purchasing an additional 25,570 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Moody’s by 11.7% during the first quarter. Russell Investments Group Ltd. now owns 1,835,803 shares of the business services provider’s stock worth $295,231,000 after purchasing an additional 192,867 shares during the last quarter. Geode Capital Management LLC lifted its stake in Moody’s by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 1,752,813 shares of the business services provider’s stock worth $258,187,000 after purchasing an additional 96,273 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Moody’s by 213.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 960,801 shares of the business services provider’s stock worth $141,824,000 after purchasing an additional 654,589 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

In other Moody’s news, SVP Blair Worrall sold 5,862 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $173.85, for a total transaction of $1,019,108.70. Following the transaction, the senior vice president now owns 18,509 shares in the company, valued at approximately $3,217,789.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,215 shares of the company’s stock in a transaction that occurred on Friday, April 6th. The stock was 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 in the company, valued at approximately $23,801,527.03. The disclosure for this sale can be found here. Insiders have sold a total of 114,086 shares of company stock worth $19,107,870 in the last quarter. Company insiders own 1.00% of the company’s stock.

Moody’s opened at $178.31 on Thursday, according to Marketbeat Ratings. The company has a market cap of $33.82 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 12.19, a current ratio of 1.47 and a quick ratio of 1.47. Moody’s Co. has a one year low of $115.59 and a one year high of $178.32.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Friday, April 27th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company posted $1.50 EPS. Moody’s’s quarterly revenue was up 15.5% compared to the same quarter last year. equities research analysts forecast that Moody’s Co. will post 7.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 21st will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, May 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.99%. Moody’s’s dividend payout ratio (DPR) is 29.00%.

Several brokerages have issued reports on MCO. BMO Capital Markets lifted their price target on Moody’s to $179.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 30th. ValuEngine raised Moody’s from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered Moody’s from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Morgan Stanley boosted their target price on Moody’s from $172.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, April 30th. Finally, TheStreet raised Moody’s from a “c+” rating to a “b” rating in a research note on Wednesday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $172.08.

About Moody’s

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

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