OVERSEA CHINESE BANKING Corp Ltd Takes $372,000 Position in Moody’s Co. (NYSE:MCO)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Moody’s Co. (NYSE:MCOFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 953 shares of the business services provider’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Moody’s by 0.6% in the third quarter. Vanguard Group Inc. now owns 13,974,432 shares of the business services provider’s stock valued at $4,418,296,000 after purchasing an additional 88,667 shares during the last quarter. Akre Capital Management LLC boosted its stake in Moody’s by 0.7% in the 1st quarter. Akre Capital Management LLC now owns 5,659,712 shares of the business services provider’s stock valued at $1,909,643,000 after purchasing an additional 38,615 shares during the period. FMR LLC grew its holdings in Moody’s by 5.0% in the 3rd quarter. FMR LLC now owns 4,301,253 shares of the business services provider’s stock valued at $1,359,927,000 after buying an additional 205,800 shares in the last quarter. Morgan Stanley increased its position in Moody’s by 29.7% during the 4th quarter. Morgan Stanley now owns 3,994,497 shares of the business services provider’s stock worth $1,112,947,000 after buying an additional 914,530 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Moody’s by 1.5% during the first quarter. Geode Capital Management LLC now owns 2,789,339 shares of the business services provider’s stock worth $851,276,000 after buying an additional 41,746 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MCO shares. Royal Bank of Canada restated an “outperform” rating and issued a $450.00 price target on shares of Moody’s in a research note on Wednesday, February 14th. Oppenheimer increased their target price on shares of Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. BMO Capital Markets dropped their price target on shares of Moody’s from $430.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. JPMorgan Chase & Co. reduced their price target 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. Finally, Wells Fargo & Company dropped their price objective on Moody’s from $455.00 to $420.00 and set an “overweight” rating for the company in a report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $397.75.

Read Our Latest Research Report on MCO

Moody’s Stock Performance

NYSE MCO opened at $374.67 on Monday. The firm’s fifty day moving average price is $384.01 and its two-hundred day moving average price is $369.95. The stock has a market cap of $68.38 billion, a PE ratio of 42.92, a PEG ratio of 2.96 and a beta of 1.27. 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 Co. has a fifty-two week low of $296.45 and a fifty-two week high of $407.62.

Moody’s (NYSE:MCOGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The business services provider reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.14). Moody’s had a return on equity of 55.23% and a net margin of 27.16%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The company’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Moody’s Co. will post 10.77 EPS for the current fiscal year.

Moody’s Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s payout ratio is 38.95%.

About Moody’s

(Free Report)

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.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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