Profund Advisors LLC boosted its position in shares of Moody’s Co. (NYSE:MCO) by 36.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,577 shares of the business services provider’s stock after acquiring an additional 1,487 shares during the period. Profund Advisors LLC’s holdings in Moody’s were worth $823,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Moody’s by 5.1% during the 4th 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 buying an additional 340 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in Moody’s by 12.1% during the 4th quarter. First Allied Advisory Services Inc. now owns 3,407 shares of the business services provider’s stock valued at $503,000 after buying an additional 368 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Moody’s by 10.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,169 shares of the business services provider’s stock valued at $580,000 after buying an additional 390 shares in the last quarter. Amalgamated Bank grew its holdings in Moody’s by 2.2% during the 3rd quarter. Amalgamated Bank now owns 20,034 shares of the business services provider’s stock valued at $2,789,000 after buying an additional 439 shares in the last quarter. Finally, Creative Planning grew its holdings in Moody’s by 5.1% during the 4th quarter. Creative Planning now owns 9,162 shares of the business services provider’s stock valued at $1,352,000 after buying an additional 444 shares in the last quarter. Institutional investors own 88.50% of the company’s stock.
A number of equities research analysts have issued reports on MCO shares. Stifel Nicolaus started coverage on shares of Moody’s in a report on Tuesday, December 19th. They set a “hold” rating and a $167.00 price objective for the company. Nomura started coverage on shares of Moody’s in a report on Thursday, January 11th. They set a “buy” rating and a $180.00 price objective for the company. Wells Fargo set a $160.00 price objective on shares of Moody’s and gave the company a “market perform” rating in a report on Monday, February 12th. Argus increased their price objective on shares of Moody’s to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Finally, Barclays raised their target price on shares of Moody’s from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Eight research 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 stock. Moody’s currently has an average rating of “Hold” and a consensus price target of $163.50.
In related news, insider Robert Fauber sold 3,500 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $168.00, for a total value of $588,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $160.96, for a total value of $80,480.00. Following the completion of the sale, the director now owns 21,944 shares of the company’s stock, valued at $3,532,106.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,182 shares of company stock valued at $5,721,231. 1.00% of the stock is owned by corporate insiders.
Shares of MCO stock traded down $3.24 on Friday, reaching $158.99. The company’s stock had a trading volume of 684,186 shares, compared to its average volume of 670,770. Moody’s Co. has a 1 year low of $111.94 and a 1 year high of $171.68. The company has a debt-to-equity ratio of -44.48, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $30,382.99, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.
Moody’s (NYSE:MCO) last posted its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody’s had a net margin of 23.80% and a negative return on equity of 319.45%. Moody’s’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. equities analysts predict that Moody’s Co. will post 7.7 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Tuesday, February 20th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from Moody’s’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. Moody’s’s dividend payout ratio (DPR) is currently 29.00%.
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Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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