Valeo Financial Advisors LLC raised its stake in Moody's Co. (NYSE:MCO) by 2,358.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713 shares of the business services provider’s stock after acquiring an additional 684 shares during the period. Valeo Financial Advisors LLC’s holdings in Moody's were worth $105,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Moody's by 2.2% in the 4th quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock valued at $1,558,454,000 after acquiring an additional 228,277 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Moody's by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock valued at $713,898,000 after acquiring an additional 33,723 shares in the last quarter. Capital International Investors increased its stake in shares of Moody's by 1.0% in the 3rd quarter. Capital International Investors now owns 3,287,478 shares of the business services provider’s stock valued at $457,650,000 after purchasing an additional 31,978 shares during the last quarter. Investec Asset Management LTD increased its stake in shares of Moody's by 2.8% in the 3rd quarter. Investec Asset Management LTD now owns 1,994,294 shares of the business services provider’s stock valued at $277,626,000 after purchasing an additional 55,053 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Moody's by 0.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,653,624 shares of the business services provider’s stock valued at $230,188,000 after purchasing an additional 11,930 shares during the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.
MCO has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $148.00 price target on shares of Moody's in a research note on Monday, November 6th. UBS Group lifted their price target on Moody's from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Credit Suisse Group lifted their price target on Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. BMO Capital Markets lifted their price target on Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Argus lifted their price target on Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Eight 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $163.50.
In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have 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 corporate insiders.
Shares of Moody's Co. (NYSE:MCO) opened at $166.99 on Thursday. The firm has a market capitalization of $32,112.83, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.99 and a beta of 1.36. Moody's Co. has a 52-week low of $110.11 and a 52-week high of $170.62. 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 issued its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. Moody's’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. analysts forecast that Moody's Co. will post 7.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.76 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is currently 34.17%.
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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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