Rothschild & Co Wealth Management UK Ltd reduced its stake in Moody’s Co. (NYSE:MCO) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,912,135 shares of the business services provider’s stock after selling 10,991 shares during the quarter. Moody’s makes up approximately 9.8% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 4th biggest position. Rothschild & Co Wealth Management UK Ltd owned approximately 1.01% of Moody’s worth $391,663,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in shares of Moody’s by 6.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,660 shares of the business services provider’s stock valued at $1,105,000 after buying an additional 340 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Moody’s by 133.8% in the second quarter. Bessemer Group Inc. now owns 18,754 shares of the business services provider’s stock valued at $3,663,000 after acquiring an additional 10,731 shares in the last quarter. FDx Advisors Inc. boosted its stake in shares of Moody’s by 6.6% in the second quarter. FDx Advisors Inc. now owns 2,085 shares of the business services provider’s stock worth $407,000 after acquiring an additional 130 shares during the period. Greenleaf Trust boosted its stake in shares of Moody’s by 7.9% in the second quarter. Greenleaf Trust now owns 1,413 shares of the business services provider’s stock worth $276,000 after acquiring an additional 104 shares during the period. Finally, Hartford Investment Management Co. boosted its stake in shares of Moody’s by 57.0% in the second quarter. Hartford Investment Management Co. now owns 28,248 shares of the business services provider’s stock worth $5,517,000 after acquiring an additional 10,253 shares during the period. 89.75% of the stock is currently owned by institutional investors.
Shares of NYSE:MCO traded down $0.97 during mid-day trading on Tuesday, reaching $224.23. The stock had a trading volume of 95,089 shares, compared to its average volume of 598,152. The business’s 50 day moving average price is $219.55 and its 200 day moving average price is $207.24. Moody’s Co. has a 1 year low of $129.26 and a 1 year high of $228.21. The company has a market cap of $42.80 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 7.50.
Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.16. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. Analysts predict that Moody’s Co. will post 8.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. Moody’s’s dividend payout ratio is currently 27.06%.
In other news, EVP John J. Goggins sold 20,784 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $218.06, for a total transaction of $4,532,159.04. Following the sale, the executive vice president now directly owns 86,543 shares in the company, valued at approximately $18,871,566.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $216.26, for a total transaction of $804,703.46. Following the sale, the insider now owns 49,591 shares in the company, valued at $10,724,549.66. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.
MCO has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Moody’s from $173.00 to $176.00 and gave the company an “underweight” rating in a research note on Monday, October 7th. Zacks Investment Research upgraded Moody’s from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Wednesday, November 20th. William Blair reaffirmed an “outperform” rating on shares of Moody’s in a report on Thursday, October 31st. Argus lifted their price objective on shares of Moody’s to $240.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, ValuEngine downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $214.18.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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