Arrowstreet Capital Limited Partnership Has $29.07 Million Position in Moody's Co. (MCO)
Arrowstreet Capital Limited Partnership raised its stake in shares of Moody's Co. (NYSE:MCO) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,904 shares of the business services provider’s stock after buying an additional 34,632 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Moody's were worth $29,065,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its stake in Moody's by 2,358.6% during 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. Grove Bank & Trust increased its stake in Moody's by 156.7% during the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after buying an additional 550 shares during the period. Tower Research Capital LLC TRC acquired a new position in Moody's during the 4th quarter valued at about $192,000. Invictus RG acquired a new position in Moody's during the 3rd quarter valued at about $199,000. Finally, BTR Capital Management Inc. acquired a new position in Moody's during the 4th quarter valued at about $202,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
In other Moody's news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 1,005 shares of company stock valued at $148,738. Corporate insiders own 1.17% of the company’s stock.
Moody's Co. (MCO) opened at $169.30 on Friday. Moody's Co. has a fifty-two week low of $110.11 and a fifty-two week high of $170.62. The company has a market cap of $32,340.00, a PE ratio of 43.63, a price-to-earnings-growth ratio of 1.98 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of -48.22.
Moody's (NYSE:MCO) last announced its earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.45 by $0.06. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company posted $1.23 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. sell-side analysts predict that Moody's Co. will post 7.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. This is a boost from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. Moody's’s dividend payout ratio (DPR) is presently 45.36%.
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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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