Prudential Financial Inc. lessened its stake in Moody’s Co. (NYSE:MCO) by 20.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,679 shares of the business services provider’s stock after selling 46,859 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of Moody’s worth $30,112,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of MCO. Creative Planning lifted its holdings in shares of Moody’s by 5.1% in the fourth quarter. Creative Planning now owns 9,162 shares of the business services provider’s stock valued at $1,352,000 after purchasing an additional 444 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Moody’s by 2.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 581,481 shares of the business services provider’s stock worth $85,833,000 after acquiring an additional 11,180 shares during the period. Fox Run Management L.L.C. bought a new stake in Moody’s during the fourth quarter worth $295,000. Oakbrook Investments LLC bought a new stake in Moody’s during the fourth quarter worth $2,012,000. Finally, State of Alaska Department of Revenue lifted its holdings in Moody’s by 164.0% during the fourth quarter. State of Alaska Department of Revenue now owns 20,010 shares of the business services provider’s stock worth $2,952,000 after acquiring an additional 12,430 shares during the period. Institutional investors own 88.33% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research lowered Moody’s from a “buy” rating to a “hold” rating in a report on Friday, April 20th. Nomura lifted their price target on Moody’s from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, April 25th. Barclays lifted their price target on Moody’s from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Morgan Stanley lifted their price target on Moody’s from $172.00 to $176.00 and gave the stock an “equal weight” rating in a report on Monday, April 30th. Finally, Argus lifted their price target on Moody’s to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $171.25.
In other Moody’s news, SVP Blair Worrall sold 5,862 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $173.85, for a total value of $1,019,108.70. Following the completion of the sale, the senior vice president now directly owns 18,509 shares of the company’s stock, valued at $3,217,789.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Raymond W. Mcdaniel sold 10,000 shares of Moody’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $173.17, for a total value of $1,731,700.00. Following the completion of the transaction, the chief executive officer now owns 126,025 shares of the company’s stock, valued at $21,823,749.25. The disclosure for this sale can be found here. Insiders sold 96,254 shares of company stock valued at $15,693,424 over the last three months. Company insiders own 1.00% of the company’s stock.
NYSE:MCO opened at $172.24 on Thursday. The company has a debt-to-equity ratio of 12.19, a current ratio of 1.47 and a quick ratio of 1.47. Moody’s Co. has a 1 year low of $170.67 and a 1 year high of $171.77. The firm has a market capitalization of $32.79 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.91 and a beta of 1.24.
Moody’s (NYSE:MCO) last released its earnings results on Friday, April 27th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.22. Moody’s had a negative return on equity of 1,599.12% and a net margin of 23.60%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. equities research analysts predict that Moody’s Co. will post 7.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 21st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, May 18th. Moody’s’s dividend payout ratio is currently 29.00%.
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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