State of Wisconsin Investment Board increased its position in Moody's Co. (NYSE:MCO) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,098 shares of the business services provider’s stock after acquiring an additional 4,563 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of Moody's worth $23,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of MCO. Grove Bank & Trust raised its stake in Moody's by 156.7% in the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after acquiring an additional 550 shares during the last quarter. Invictus RG purchased a new position in Moody's in the 3rd quarter worth $199,000. BTR Capital Management Inc. purchased a new position in Moody's in the 4th quarter worth $202,000. IFC Holdings Incorporated FL purchased a new position in Moody's in the 3rd quarter worth $203,000. Finally, Maple Capital Management Inc. purchased a new position in shares of Moody's during the 3rd quarter valued at about $206,000. Institutional investors own 87.92% of the company’s stock.
In other news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the sale, the director now directly owns 21,336 shares in the company, valued at approximately $3,156,234.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,005 shares of company stock worth $148,738 over the last 90 days. Insiders own 1.17% of the company’s stock.
Shares of Moody's Co. (NYSE MCO) opened at $168.13 on Wednesday. Moody's Co. has a 12-month low of $110.11 and a 12-month high of $169.51. The company has a debt-to-equity ratio of -48.22, a quick ratio of 1.15 and a current ratio of 1.25. The company has a market capitalization of $32,128.11, a PE ratio of 32.65, a PEG ratio of 1.99 and a beta of 1.36.
Moody's (NYSE:MCO) last posted its earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.23 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis. analysts predict that Moody's Co. will post 7.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, February 16th. This is a boost from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. Moody's’s dividend payout ratio (DPR) is 34.17%.
A number of equities analysts have weighed in on the company. Argus lifted their price objective on Moody's to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Barclays lifted their price objective on Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Cantor Fitzgerald lifted their price objective on Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Credit Suisse Group reiterated a “neutral” rating and set a $187.00 price objective (up previously from $161.00) on shares of Moody's in a research note on Monday, February 12th. Finally, Wells Fargo & Co set a $160.00 price objective on Moody's and gave the company a “market perform” rating in a research note on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $163.50.
Moody's Company Profile
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.
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: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.