Fiduciary Alliance LLC raised its position in shares of Moody's Co. (NYSE:MCO - Free Report) by 3.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,853 shares of the business services provider's stock after acquiring an additional 537 shares during the period. Fiduciary Alliance LLC's holdings in Moody's were worth $6,917,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in MCO. Asset Planning Inc acquired a new position in shares of Moody's during the 4th quarter worth approximately $42,000. OFI Invest Asset Management bought a new stake in shares of Moody's in the fourth quarter valued at approximately $41,000. Activest Wealth Management acquired a new stake in Moody's during the fourth quarter worth approximately $47,000. Larson Financial Group LLC increased its stake in Moody's by 80.6% during the 4th quarter. Larson Financial Group LLC now owns 121 shares of the business services provider's stock worth $57,000 after acquiring an additional 54 shares during the period. Finally, Mizuho Bank Ltd. acquired a new position in Moody's in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 92.11% of the company's stock.
Moody's Price Performance
Moody's stock traded up $2.51 during mid-day trading on Tuesday, reaching $482.44. The company had a trading volume of 632,990 shares, compared to its average volume of 764,127. The business has a fifty day simple moving average of $453.84 and a 200 day simple moving average of $473.21. The company has a market cap of $86.79 billion, a P/E ratio of 42.81, a P/E/G ratio of 2.87 and a beta of 1.40. Moody's Co. has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The company has a current ratio of 1.47, a quick ratio of 1.67 and a debt-to-equity ratio of 1.81.
Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.25. Moody's had a return on equity of 58.94% and a net margin of 29.03%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. On average, equities research analysts predict that Moody's Co. will post 13.95 earnings per share for the current year.
Moody's Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, May 16th. Moody's's dividend payout ratio is currently 32.47%.
Wall Street Analysts Forecast Growth
MCO has been the topic of several analyst reports. Stifel Nicolaus reduced their target price on Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of Moody's from $610.00 to $572.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley raised their target price on shares of Moody's from $481.00 to $508.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Bank of America started coverage on shares of Moody's in a report on Thursday, April 10th. They set a "buy" rating and a $530.00 price target for the company. Finally, BMO Capital Markets decreased their price objective on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Moody's presently has an average rating of "Moderate Buy" and an average price target of $520.87.
Read Our Latest Stock Analysis on Moody's
Insider Buying and Selling
In other Moody's news, CEO Robert Fauber sold 415 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total value of $181,687.00. Following the sale, the chief executive officer now owns 62,690 shares in the company, valued at approximately $27,445,682. The trade was a 0.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.
Moody's Profile
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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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