Norinchukin Bank The raised its position in shares of Moody's Co. (NYSE:MCO) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,335 shares of the business services provider’s stock after acquiring an additional 940 shares during the quarter. Norinchukin Bank The’s holdings in Moody's were worth $1,230,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its position in Moody's by 5.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,948 shares of the business services provider’s stock valued at $1,026,000 after acquiring an additional 340 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in Moody's by 12.1% during the fourth quarter. First Allied Advisory Services Inc. now owns 3,407 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 368 shares during the last quarter. Pacer Advisors Inc. boosted its position in Moody's by 10.3% during the third quarter. Pacer Advisors Inc. now owns 4,169 shares of the business services provider’s stock valued at $580,000 after acquiring an additional 390 shares during the last quarter. First Business Financial Services Inc. boosted its position in Moody's by 9.2% during the third quarter. First Business Financial Services Inc. now owns 4,973 shares of the business services provider’s stock valued at $692,000 after acquiring an additional 418 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Moody's by 2.2% during the third quarter. Amalgamated Bank now owns 20,034 shares of the business services provider’s stock valued at $2,789,000 after acquiring an additional 439 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.
Moody's Co. (NYSE: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 firm has a market cap of $32,336.30, a PE ratio of 32.87, a PEG ratio of 2.00 and a beta of 1.36. 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 (NYSE:MCO) last announced its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. sell-side analysts forecast that Moody's Co. will post 7.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 16th. This is a positive change from Moody's’s previous quarterly dividend of $0.38. Moody's’s dividend payout ratio is currently 34.17%.
In related news, Director Darrell Duffie sold 500 shares of the company’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 in the company, valued at approximately $3,156,234.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,005 shares of company stock worth $148,738 in the last 90 days. 1.17% of the stock is currently owned by company insiders.
A number of brokerages have commented on MCO. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody's in a research report on Friday, February 9th. Barclays upped 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. Argus upped 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. 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. Finally, 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. 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 company. The stock has an average rating of “Hold” and an average target price of $163.50.
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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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