Bokf Na trimmed its position in Moody’s Co. (NYSE:MCO) by 19.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,737 shares of the business services provider’s stock after selling 2,860 shares during the period. Bokf Na’s holdings in Moody’s were worth $1,644,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. American International Group Inc. lifted its stake in Moody’s by 5.4% in the 4th quarter. American International Group Inc. now owns 68,022 shares of the business services provider’s stock worth $9,526,000 after purchasing an additional 3,476 shares in the last quarter. Geode Capital Management LLC lifted its stake in Moody’s by 20.6% in the 4th quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock worth $335,962,000 after purchasing an additional 410,864 shares in the last quarter. Captrust Financial Advisors lifted its stake in Moody’s by 85.2% in the 4th quarter. Captrust Financial Advisors now owns 389 shares of the business services provider’s stock worth $54,000 after purchasing an additional 179 shares in the last quarter. Kinneret Advisory LLC purchased a new position in Moody’s in the 4th quarter worth approximately $278,000. Finally, ARP Americas LP purchased a new position in Moody’s in the 4th quarter worth approximately $378,000. Institutional investors own 91.43% of the company’s stock.
In related news, insider Raymond W. Mcdaniel sold 44,146 shares of Moody’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $175.20, for a total value of $7,734,379.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.
MCO stock opened at $176.69 on Friday. The company has a market cap of $33.36 billion, a PE ratio of 23.91, a PEG ratio of 2.09 and a beta of 1.28. The company has a debt-to-equity ratio of 7.96, a quick ratio of 1.61 and a current ratio of 1.61. Moody’s Co. has a one year low of $129.26 and a one year high of $187.98.
Moody’s (NYSE:MCO) last released its quarterly earnings results on Friday, February 15th. The business services provider reported $1.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.08). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Moody’s had a net margin of 29.48% and a return on equity of 268.11%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 EPS. Analysts forecast that Moody’s Co. will post 7.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, February 25th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 22nd. This is a positive change from Moody’s’s previous quarterly dividend of $0.44. Moody’s’s payout ratio is presently 27.06%.
A number of research firms have weighed in on MCO. Zacks Investment Research lowered shares of Moody’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $145.00 price target on shares of Moody’s in a research report on Friday, February 15th. BMO Capital Markets lifted their price target on shares of Moody’s to $172.00 and gave the company a “market perform” rating in a research report on Tuesday, February 19th. Barclays reaffirmed a “buy” rating and set a $175.00 price target on shares of Moody’s in a research report on Sunday, December 9th. Finally, Morgan Stanley lowered shares of Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 price target on the stock. in a research report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Moody’s presently has a consensus rating of “Hold” and an average target price of $166.90.
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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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