Moody’s Co. (NYSE:MCO) Shares Acquired by Morningstar Investment Services LLC

Morningstar Investment Services LLC increased its holdings in Moody’s Co. (NYSE:MCOFree Report) by 125.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,775 shares of the business services provider’s stock after buying an additional 988 shares during the quarter. Morningstar Investment Services LLC’s holdings in Moody’s were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in Moody’s by 0.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 223,255 shares of the business services provider’s stock valued at $87,194,000 after purchasing an additional 726 shares during the last quarter. Cibc World Markets Corp grew its holdings in Moody’s by 26.8% during the fourth quarter. Cibc World Markets Corp now owns 53,711 shares of the business services provider’s stock worth $20,977,000 after acquiring an additional 11,366 shares during the period. Public Employees Retirement Association of Colorado raised its position in Moody’s by 392.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 24,668 shares of the business services provider’s stock valued at $9,634,000 after acquiring an additional 19,660 shares in the last quarter. Alapocas Investment Partners Inc. lifted its holdings in Moody’s by 0.4% in the fourth quarter. Alapocas Investment Partners Inc. now owns 22,806 shares of the business services provider’s stock valued at $8,907,000 after acquiring an additional 87 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Moody’s by 205.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,838 shares of the business services provider’s stock valued at $9,701,000 after acquiring an additional 16,707 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Stock Down 0.8 %

Shares of MCO opened at $403.70 on Friday. Moody’s Co. has a 52-week low of $298.86 and a 52-week high of $417.75. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.68. The stock has a fifty day simple moving average of $392.98 and a two-hundred day simple moving average of $386.56. The company has a market capitalization of $73.72 billion, a PE ratio of 44.07, a price-to-earnings-growth ratio of 3.25 and a beta of 1.27.

Moody’s (NYSE:MCOGet Free Report) last posted its earnings results on Thursday, May 2nd. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.31. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. Moody’s had a net margin of 27.01% and a return on equity of 54.50%. Moody’s’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 EPS. As a group, equities analysts forecast that Moody’s Co. will post 10.69 EPS for the current year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, May 16th. Moody’s’s dividend payout ratio (DPR) is presently 37.12%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Moody’s from $430.00 to $414.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $450.00 price target on shares of Moody’s in a research report on Wednesday, February 14th. Oppenheimer upped their target price on Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Robert W. Baird raised their price target on shares of Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $400.50.

Read Our Latest Research Report on MCO

Moody’s Company Profile

(Free Report)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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