Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Position in Moody’s Co. (NYSE:MCO)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Moody’s Co. (NYSE:MCOGet Rating) by 15.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 75,195 shares of the business services provider’s stock after purchasing an additional 10,166 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Moody’s were worth $28,844,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its stake in Moody’s by 6.9% during the 2nd quarter. Morgan Stanley now owns 2,014,775 shares of the business services provider’s stock worth $730,094,000 after buying an additional 130,904 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Moody’s during the 3rd quarter worth approximately $309,000. Commonwealth Equity Services LLC increased its stake in Moody’s by 2.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,412 shares of the business services provider’s stock worth $5,828,000 after buying an additional 335 shares in the last quarter. Nordea Investment Management AB increased its stake in Moody’s by 98.8% during the 3rd quarter. Nordea Investment Management AB now owns 419,404 shares of the business services provider’s stock worth $152,038,000 after buying an additional 208,427 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in Moody’s by 24.6% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,242 shares of the business services provider’s stock worth $441,000 after buying an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

In other Moody’s news, CEO Robert Fauber sold 447 shares of the firm’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $343.98, for a total value of $153,759.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by company insiders.

Moody’s stock opened at $329.92 on Friday. Moody’s Co. has a twelve month low of $299.68 and a twelve month high of $407.94. The stock’s fifty day simple moving average is $327.43 and its 200-day simple moving average is $358.74. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $61.16 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.49 and a beta of 1.21.

Moody’s (NYSE:MCOGet Rating) last posted its earnings results on Thursday, February 10th. The business services provider reported $2.33 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.05). Moody’s had a net margin of 35.61% and a return on equity of 91.13%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company earned $1.91 EPS. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Sell-side analysts predict that Moody’s Co. will post 11.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, February 25th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 24th. This is a boost from Moody’s’s previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a yield of 0.85%. Moody’s’s dividend payout ratio (DPR) is currently 23.77%.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target on Moody’s from $400.00 to $385.00 and set a “hold” rating for the company in a research report on Friday, March 4th. StockNews.com began coverage on Moody’s in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley decreased their price objective on Moody’s from $360.00 to $350.00 and set an “equal weight” rating on the stock in a report on Monday, April 4th. Deutsche Bank Aktiengesellschaft began coverage on Moody’s in a report on Tuesday, March 29th. They issued a “buy” rating and a $408.00 price objective on the stock. Finally, UBS Group decreased their price target on Moody’s from $408.00 to $387.00 in a research note on Friday, February 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Moody’s currently has an average rating of “Buy” and a consensus price target of $396.54.

Moody’s Company Profile (Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

Featured Stories

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCOGet Rating).

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

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.