Wealthcare Advisory Partners LLC purchased a new position in Moody’s Co. (NYSE:MCO) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 136 shares of the business services provider’s stock, valued at approximately $41,000.
Several other large investors also recently modified their holdings of the stock. Raymond James Trust N.A. boosted its holdings in Moody’s by 6.4% in the fourth quarter. Raymond James Trust N.A. now owns 2,250 shares of the business services provider’s stock worth $653,000 after purchasing an additional 135 shares during the period. DNB Asset Management AS boosted its holdings in shares of Moody’s by 4.0% during the fourth quarter. DNB Asset Management AS now owns 23,337 shares of the business services provider’s stock valued at $6,773,000 after acquiring an additional 907 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Moody’s by 0.4% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,697,452 shares of the business services provider’s stock valued at $492,668,000 after acquiring an additional 7,155 shares during the period. Lincoln Capital LLC boosted its holdings in shares of Moody’s by 0.9% during the fourth quarter. Lincoln Capital LLC now owns 7,594 shares of the business services provider’s stock valued at $2,204,000 after acquiring an additional 68 shares during the period. Finally, Sarasin & Partners LLP boosted its holdings in shares of Moody’s by 27.6% during the fourth quarter. Sarasin & Partners LLP now owns 470,160 shares of the business services provider’s stock valued at $136,459,000 after acquiring an additional 101,614 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.
Several equities research analysts recently weighed in on MCO shares. BMO Capital Markets upped their price objective on shares of Moody’s from $312.00 to $348.00 and gave the stock an “outperform” rating in a report on Tuesday, April 20th. Oppenheimer boosted their price target on shares of Moody’s from $337.00 to $357.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 5th. Stifel Nicolaus boosted their price objective on Moody’s from $296.00 to $322.00 and gave the stock a “hold” rating in a report on Friday, April 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Moody’s from $315.00 to $325.00 and gave the company a “hold” rating in a research note on Thursday, April 29th. Finally, Raymond James raised Moody’s from a “market perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a research note on Thursday, April 1st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Moody’s has an average rating of “Buy” and an average target price of $332.67.
Shares of MCO stock opened at $334.04 on Monday. Moody’s Co. has a 12 month low of $249.22 and a 12 month high of $340.16. The firm has a market cap of $62.53 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The stock has a 50 day moving average of $318.84 and a 200-day moving average of $288.60. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 3.77.
Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, April 28th. The business services provider reported $4.06 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $1.26. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.39 billion. Moody’s had a return on equity of 170.55% and a net margin of 34.31%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.73 earnings per share. As a group, equities analysts predict that Moody’s Co. will post 10.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, May 19th. This represents a $2.48 annualized dividend and a yield of 0.74%. Moody’s’s dividend payout ratio is currently 29.92%.
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations; and structured finance securities.
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