Bokf Na Sells 123 Shares of Moody’s Co. (NYSE:MCO)

Bokf Na trimmed its holdings in shares of Moody’s Co. (NYSE:MCO) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,171 shares of the business services provider’s stock after selling 123 shares during the period. Bokf Na’s holdings in Moody’s were worth $1,643,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. bought a new stake in shares of Moody’s during the 1st quarter worth $25,000. Rise Advisors LLC bought a new stake in shares of Moody’s during the 1st quarter worth $35,000. EntryPoint Capital LLC bought a new stake in shares of Moody’s during the 1st quarter worth $38,000. Advantage Trust Co bought a new stake in Moody’s in the 4th quarter valued at about $52,000. Finally, Raleigh Capital Management Inc. raised its stake in Moody’s by 23.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 150 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 28 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MCO. UBS Group boosted their price objective on Moody’s from $455.00 to $470.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird boosted their price objective on Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Morgan Stanley boosted their price objective on Moody’s from $374.00 to $392.00 and gave the company an “equal weight” rating in a research note on Friday, July 5th. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Barclays boosted their price objective on Moody’s from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and an average price target of $448.50.

Moody’s Price Performance

Shares of NYSE MCO traded up $11.54 during midday trading on Friday, hitting $448.75. 884,404 shares of the company’s stock were exchanged, compared to its average volume of 757,001. Moody’s Co. has a 12-month low of $298.86 and a 12-month high of $458.24. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.59. The company has a market cap of $81.72 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 2.92 and a beta of 1.28. The business’s fifty day moving average price is $422.75 and its two-hundred day moving average price is $399.32.

Moody’s (NYSE:MCO) last issued its earnings results on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.22. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. Moody’s’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 earnings per share. As a group, research analysts forecast that Moody’s Co. will post 11.34 EPS for the current fiscal year.

Moody’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, August 16th. Moody’s’s dividend payout ratio is currently 37.12%.

Moody’s Profile

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.