Veritas Investment Management LLP decreased its position in Moody's Co. (NYSE:MCO) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,260 shares of the business services provider’s stock after selling 1,840 shares during the period. Moody's comprises approximately 0.4% of Veritas Investment Management LLP’s portfolio, making the stock its 14th biggest holding. Veritas Investment Management LLP’s holdings in Moody's were worth $2,991,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of MCO. Thrivent Financial For Lutherans lifted its holdings in Moody's by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 6,280 shares of the business services provider’s stock worth $764,000 after buying an additional 190 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Moody's by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock valued at $43,846,000 after acquiring an additional 3,364 shares during the period. Stifel Financial Corp raised its stake in shares of Moody's by 1.8% in the 2nd quarter. Stifel Financial Corp now owns 14,405 shares of the business services provider’s stock valued at $1,746,000 after acquiring an additional 249 shares during the period. QS Investors LLC raised its stake in shares of Moody's by 36.3% in the 2nd quarter. QS Investors LLC now owns 3,003 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 800 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Moody's by 20.5% in the 2nd quarter. HighTower Advisors LLC now owns 10,300 shares of the business services provider’s stock valued at $1,250,000 after acquiring an additional 1,749 shares during the period. Institutional investors and hedge funds own 87.31% of the company’s stock.
A number of research firms have recently issued reports on MCO. Argus boosted their price target on shares of Moody's to $190.00 and gave the company a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Barclays boosted their price target on shares of Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday. Cantor Fitzgerald lifted 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. Credit Suisse Group restated a “neutral” rating and issued a $187.00 price objective (up previously from $161.00) on shares of Moody's in a report on Monday. Finally, Wells Fargo & Co set a $160.00 price objective on shares of Moody's and gave the company a “market perform” rating in a report on Monday. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $163.50.
In other Moody's news, Director Darrell Duffie sold 500 shares of the business’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. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ewald Kist sold 4,000 shares of Moody's stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,005 shares of company stock worth $716,738. 1.17% of the stock is owned by company insiders.
Shares of Moody's Co. (NYSE MCO) traded up $1.61 during midday trading on Wednesday, hitting $163.21. 471,598 shares of the company were exchanged, compared to its average volume of 862,297. 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 Co. has a fifty-two week low of $109.00 and a fifty-two week high of $167.23. The company has a market capitalization of $30,422.48, a PE ratio of 31.50, a P/E/G ratio of 2.24 and a beta of 1.36.
Moody's (NYSE:MCO) last issued its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, topping 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 analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $1.23 earnings per share. Moody's’s revenue for the quarter was up 23.7% compared to the same quarter last year. analysts expect that Moody's Co. will post 6.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a yield of 1.08%. Moody's’s payout ratio is 29.51%.
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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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