Rhumbline Advisers raised its holdings in Moody's Co. (NYSE:MCO) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,995 shares of the business services provider’s stock after buying an additional 889 shares during the period. Rhumbline Advisers’ holdings in Moody's were worth $48,711,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake 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 buying an additional 550 shares in the last quarter. Invictus RG bought a new position in shares of Moody's in the third quarter valued at $199,000. BTR Capital Management Inc. bought a new position in shares of Moody's in the fourth quarter valued at $202,000. IFC Holdings Incorporated FL bought a new position in shares of Moody's in the third quarter valued at $203,000. Finally, Maple Capital Management Inc. bought a new position in shares of Moody's in the third quarter valued at $206,000. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Argus raised their price target on shares of Moody's to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Barclays raised their price target 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. Cantor Fitzgerald raised their price target on shares of Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Credit Suisse Group reissued a “neutral” rating and set a $187.00 price target (up from $161.00) on shares of Moody's in a research report on Monday, February 12th. Finally, Wells Fargo & Co set a $160.00 price target on shares of Moody's and gave the company a “market perform” rating in a research report on Monday, February 12th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given 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 Co. (NYSE MCO) opened at $168.21 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22. Moody's Co. has a 12-month low of $109.55 and a 12-month high of $169.06. The firm has a market cap of $32,128.11, a PE ratio of 32.66, a P/E/G ratio of 1.99 and a beta of 1.36.
Moody's (NYSE:MCO) last announced its quarterly earnings data 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. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. research analysts predict that Moody's Co. will post 7.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.44 dividend. This is a positive change from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.76 annualized dividend and a yield of 1.05%. Moody's’s payout ratio is currently 29.51%.
In other Moody's news, Director Darrell Duffie sold 500 shares of Moody'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 sale, the director now owns 21,336 shares of the company’s stock, valued at $3,156,234.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 1,005 shares of company stock worth $148,738. Insiders own 1.17% of the company’s stock.
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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