Tilt Investment Management Holdings PBC Lowers Stock Position in Moody’s Co. (NYSE:MCO)

Tilt Investment Management Holdings PBC lowered its position in Moody’s Co. (NYSE:MCO) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 649 shares of the business services provider’s stock after selling 190 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Moody’s were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MCO. Compass Wealth Management LLC purchased a new stake in Moody’s during the fourth quarter worth about $28,000. Ancora Advisors LLC increased its holdings in Moody’s by 4,900.0% during the first quarter. Ancora Advisors LLC now owns 100 shares of the business services provider’s stock worth $31,000 after buying an additional 98 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Moody’s during the first quarter worth about $31,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Moody’s during the third quarter worth about $35,000. Finally, Raleigh Capital Management Inc. increased its holdings in Moody’s by 87.7% during the third quarter. Raleigh Capital Management Inc. now owns 122 shares of the business services provider’s stock worth $39,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MCO shares. Robert W. Baird lowered their price target on shares of Moody’s from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. JPMorgan Chase & Co. dropped their target price on Moody’s from $420.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Stifel Nicolaus dropped their target price on Moody’s from $362.00 to $350.00 and set a “hold” rating on the stock in a research report on Wednesday, February 14th. Barclays upgraded Moody’s from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $375.00 to $450.00 in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets dropped their target price on Moody’s from $430.00 to $414.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $397.75.

Moody’s Trading Down 0.2 %

Moody’s stock opened at $374.60 on Friday. The stock has a market cap of $68.36 billion, a P/E ratio of 42.91, a PEG ratio of 2.98 and a beta of 1.27. Moody’s Co. has a fifty-two week low of $296.45 and a fifty-two week high of $407.62. The firm’s fifty day moving average price is $384.62 and its 200-day moving average price is $368.73. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.74 and a current ratio of 1.74.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Tuesday, February 13th. The business services provider reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.14). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Moody’s had a return on equity of 55.23% and a net margin of 27.16%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. Equities research analysts forecast that Moody’s Co. will post 10.73 earnings per share for the current fiscal year.

Moody’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s dividend payout ratio is currently 38.95%.

Moody’s Profile

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.