FDx Advisors Inc. lowered its holdings in Moody's Co. (NYSE:MCO) by 18.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,696 shares of the business services provider’s stock after selling 376 shares during the quarter. FDx Advisors Inc.’s holdings in Moody's were worth $250,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Moody's by 2,358.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 684 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Moody's by 156.7% in the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 550 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Moody's in the 4th quarter valued at $192,000. Invictus RG purchased a new stake in shares of Moody's in the 3rd quarter valued at $199,000. Finally, BTR Capital Management Inc. purchased a new stake in Moody's during the fourth quarter worth $202,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.
A number of brokerages recently issued reports on MCO. Credit Suisse Group reiterated a “neutral” rating and issued a $187.00 target price (up from $161.00) on shares of Moody's in a research report on Monday, February 12th. Cantor Fitzgerald upped their price objective on shares of Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, February 12th. BMO Capital Markets upped their price objective on shares of Moody's from $159.00 to $161.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Barclays increased their target price on shares of Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Finally, Argus increased their target price on shares of Moody's to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Moody's presently has a consensus rating of “Hold” and an average price target of $163.50.
In related news, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the transaction, 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 SEC, which is accessible through this link. Also, insider Robert Fauber sold 3,500 shares of Moody's stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $168.00, for a total transaction of $588,000.00. The disclosure for this sale can be found here. Insiders sold a total of 35,682 shares of company stock worth $5,788,681 over the last ninety days. Corporate insiders own 1.17% of the company’s stock.
Moody's Co. (NYSE:MCO) traded down $2.39 during mid-day trading on Wednesday, reaching $166.69. 690,083 shares of the company’s stock were exchanged, compared to its average volume of 953,592. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of -44.48. Moody's Co. has a 12 month low of $110.11 and a 12 month high of $171.68. The firm has a market capitalization of $31,850.00, a PE ratio of 42.96, a P/E/G ratio of 2.01 and a beta of 1.29.
Moody's (NYSE:MCO) last released its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. equities analysts predict that Moody's Co. will post 7.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 16th. Moody's’s payout ratio is presently 45.36%.
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.
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