BlackRock Inc. Acquires 228,277 Shares of Moody's Co. (MCO)

BlackRock Inc. lifted its holdings in Moody's Co. (NYSE:MCO) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,557,911 shares of the business services provider’s stock after purchasing an additional 228,277 shares during the period. BlackRock Inc. owned about 5.52% of Moody's worth $1,558,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust increased its holdings in Moody's by 156.7% in the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after buying an additional 550 shares during the last quarter. Invictus RG acquired a new position in Moody's in the third quarter valued at $199,000. BTR Capital Management Inc. acquired a new position in Moody's in the fourth quarter valued at $202,000. IFC Holdings Incorporated FL acquired a new position in Moody's in the third quarter valued at $203,000. Finally, Maple Capital Management Inc. acquired a new stake in shares of Moody's during the third quarter worth about $206,000. Institutional investors own 88.67% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody's in a research note on Friday, February 9th. Barclays increased their target price on shares of Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $187.00 target price (up from $161.00) on shares of Moody's in a report on Monday, February 12th. Wells Fargo & Co set a $160.00 price objective on shares of Moody's and gave the stock a “market perform” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets raised their target price on shares of Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $163.50.

Moody's Co. (NYSE MCO) traded down $2.39 on Wednesday, hitting $166.69. 690,083 shares of the stock traded hands, compared to its average volume of 953,592. The company has a debt-to-equity ratio of -44.48, a current ratio of 1.25 and a quick ratio of 1.25. Moody's Co. has a one year low of $110.11 and a one year high of $171.68. The company has a market cap of $31,850.00, a P/E ratio of 42.96, a P/E/G ratio of 2.01 and a beta of 1.29.

Moody's (NYSE:MCO) last announced its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS. sell-side analysts expect that Moody's Co. will post 7.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 16th. Moody's’s payout ratio is presently 45.36%.

In other news, VP Linda Huber sold 30,391 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $161.92, for a total transaction of $4,920,910.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the sale, the director now owns 21,336 shares in the company, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,682 shares of company stock valued at $5,788,681. Company insiders own 1.17% of the company’s stock.

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Moody's Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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

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