United Services Automobile Association increased its holdings in Moody’s Co. (NYSE:MCO) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,717 shares of the business services provider’s stock after buying an additional 282 shares during the period. United Services Automobile Association’s holdings in Moody’s were worth $12,004,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Moody’s by 11.9% during the 3rd quarter. Victory Capital Management Inc. now owns 29,581 shares of the business services provider’s stock valued at $4,946,000 after purchasing an additional 3,137 shares during the period. Private Advisor Group LLC boosted its stake in Moody’s by 343.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,331 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 6,452 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Moody’s during the 3rd quarter valued at approximately $161,000. Janney Montgomery Scott LLC boosted its stake in Moody’s by 51.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,907 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 650 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in Moody’s by 6.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,883 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 343 shares during the period. Institutional investors own 91.43% of the company’s stock.
In other news, insider Raymond W. Mcdaniel sold 44,146 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.
Moody’s stock traded up $1.29 during trading hours on Friday, hitting $176.27. The stock had a trading volume of 7,367 shares, compared to its average volume of 966,495. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 7.96. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.09 and a beta of 1.28. Moody’s Co. has a fifty-two week low of $129.26 and a fifty-two week high of $187.98.
Moody’s (NYSE:MCO) last issued its earnings results on Friday, February 15th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.08). Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts expect that Moody’s Co. will post 7.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, February 25th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 22nd. This is a boost from Moody’s’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. Moody’s’s dividend payout ratio is presently 27.06%.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Moody’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald restated a “hold” rating and set a $145.00 target price on shares of Moody’s in a research note on Friday, February 15th. BMO Capital Markets increased their target price on Moody’s to $172.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. Barclays restated a “buy” rating and set a $175.00 target price on shares of Moody’s in a research note on Sunday, December 9th. Finally, Morgan Stanley cut Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 price target for the company. in a report on Tuesday, January 8th. Two 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. Moody’s has an average rating of “Hold” and an average price target of $166.90.
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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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