Tema Etfs LLC Invests $1.24 Million in Moody’s Co. (NYSE:MCO)

Tema Etfs LLC purchased a new position in Moody’s Co. (NYSE:MCO) in the 4th quarter, Holdings Channel reports. The firm purchased 2,611 shares of the business services provider’s stock, valued at approximately $1,236,000.

Several other hedge funds have also recently modified their holdings of MCO. Carson Advisory Inc. increased its position in Moody’s by 2.9% during the fourth quarter. Carson Advisory Inc. now owns 741 shares of the business services provider’s stock valued at $351,000 after acquiring an additional 21 shares during the last quarter. Avitas Wealth Management LLC increased its position in Moody’s by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,803 shares of the business services provider’s stock valued at $1,327,000 after acquiring an additional 22 shares during the last quarter. Catalyst Financial Partners LLC increased its position in Moody’s by 5.1% during the fourth quarter. Catalyst Financial Partners LLC now owns 451 shares of the business services provider’s stock valued at $213,000 after acquiring an additional 22 shares during the last quarter. Summit Financial LLC increased its position in Moody’s by 1.4% during the fourth quarter. Summit Financial LLC now owns 1,641 shares of the business services provider’s stock valued at $777,000 after acquiring an additional 22 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its position in Moody’s by 3.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $522.20, for a total transaction of $146,738.20. Following the completion of the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at approximately $32,321,046.80. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 1,111 shares of company stock valued at $520,603. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MCO. Barclays reduced their price objective on Moody’s from $570.00 to $520.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Bank of America assumed coverage on Moody’s in a research report on Thursday, April 10th. They issued a “buy” rating and a $530.00 price target for the company. Robert W. Baird reduced their price target on Moody’s from $575.00 to $525.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Mizuho assumed coverage on Moody’s in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $504.00 price target for the company. Finally, William Blair restated an “outperform” rating on shares of Moody’s in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $515.87.

Moody’s Stock Performance

NYSE MCO opened at $489.15 on Friday. The firm has a market cap of $88.00 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. The company has a quick ratio of 1.67, a current ratio of 1.47 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average price of $449.08 and a 200-day moving average price of $472.42. Moody’s Co. has a twelve month low of $378.71 and a twelve month high of $531.93.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.25. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. Moody’s had a return on equity of 58.94% and a net margin of 29.03%. As a group, equities research analysts predict that Moody’s Co. will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Friday, May 16th. Moody’s’s payout ratio is presently 32.47%.

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.