Brown Advisory Inc. decreased its position in shares of Moody’s Co. (NYSE:MCO) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,750 shares of the business services provider’s stock after selling 3,292 shares during the period. Brown Advisory Inc.’s holdings in Moody’s were worth $5,007,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCO. Oregon Public Employees Retirement Fund increased its position in Moody’s by 17,777.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,510,765 shares of the business services provider’s stock worth $54,000 after buying an additional 7,468,752 shares during the period. BlackRock Inc. increased its position in Moody’s by 9.1% during the fourth quarter. BlackRock Inc. now owns 12,012,678 shares of the business services provider’s stock worth $1,682,254,000 after buying an additional 999,278 shares during the period. Cantillon Capital Management LLC acquired a new position in Moody’s during the fourth quarter worth approximately $88,038,000. Capital World Investors increased its position in Moody’s by 31.7% during the third quarter. Capital World Investors now owns 1,705,434 shares of the business services provider’s stock worth $285,149,000 after buying an additional 410,320 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Moody’s by 6.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,242,687 shares of the business services provider’s stock worth $734,186,000 after buying an additional 306,358 shares during the period. 91.43% of the stock is currently owned by institutional investors.
Shares of MCO stock opened at $176.69 on Friday. Moody’s Co. has a twelve month low of $129.26 and a twelve month high of $187.98. The company has a market capitalization of $33.36 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.09 and a beta of 1.28. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 7.96.
Moody’s (NYSE:MCO) last announced its earnings results on Friday, February 15th. The business services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.08). Moody’s had a net margin of 29.48% and a return on equity of 268.11%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business posted $1.51 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities analysts expect that Moody’s Co. will post 7.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, February 25th will be paid a $0.50 dividend. This is an increase from Moody’s’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, February 22nd. Moody’s’s dividend payout ratio (DPR) is 27.06%.
In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of Moody’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $175.20, for a total value of $7,734,379.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.
MCO has been the topic of several research analyst reports. Barclays cut their price target on Moody’s from $175.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, January 7th. UBS Group cut their price target on Moody’s from $156.00 to $154.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 8th. Morgan Stanley lowered 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. BMO Capital Markets lifted their price target on Moody’s to $172.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 19th. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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