Eagle Asset Management Inc. Purchases 29,263 Shares of Moody's Co. (MCO)

Eagle Asset Management Inc. increased its position in Moody's Co. (NYSE:MCO) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 292,827 shares of the business services provider’s stock after acquiring an additional 29,263 shares during the quarter. Eagle Asset Management Inc.’s holdings in Moody's were worth $43,532,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board increased its stake in shares of Moody's by 3.0% in the fourth quarter. State of Wisconsin Investment Board now owns 158,098 shares of the business services provider’s stock valued at $23,337,000 after buying an additional 4,563 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of Moody's by 12.1% in the fourth quarter. First Allied Advisory Services Inc. now owns 3,407 shares of the business services provider’s stock valued at $503,000 after buying an additional 368 shares during the period. D.A. Davidson & CO. increased its stake in shares of Moody's by 8.3% in the fourth quarter. D.A. Davidson & CO. now owns 45,982 shares of the business services provider’s stock valued at $6,787,000 after buying an additional 3,521 shares during the period. Global Financial Private Capital LLC acquired a new position in shares of Moody's in the fourth quarter valued at approximately $1,204,000. Finally, Toronto Dominion Bank increased its stake in shares of Moody's by 13.7% in the fourth quarter. Toronto Dominion Bank now owns 71,949 shares of the business services provider’s stock valued at $10,620,000 after buying an additional 8,663 shares during the period. 87.31% of the stock is owned by institutional investors.

Several research firms have recently issued reports on MCO. Cantor Fitzgerald upped their price objective on Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. 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 research report on Monday, February 12th. Wells Fargo & Co set a $160.00 target price on shares of Moody's and gave the company a “market perform” rating in a research report on Monday, February 12th. BMO Capital Markets increased their target price on shares of Moody's from $159.00 to $161.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $187.00 target price (up previously from $161.00) on shares of Moody's in a research report on Monday, February 12th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $163.50.

In other news, Director Darrell Duffie sold 500 shares of the firm’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 completion of the sale, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 1,005 shares of company stock valued at $148,738. Insiders own 1.17% of the company’s stock.

Shares of Moody's Co. (MCO) opened at $168.21 on Friday. The firm has a market cap of $32,130.00, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.36. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22. Moody's Co. has a 52-week low of $109.55 and a 52-week high of $169.06.

Moody's (NYSE:MCO) last released its earnings results 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 posted $1.23 EPS. equities research analysts forecast that Moody's Co. will post 7.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.44 per share. This is an increase from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 16th. This represents a $1.76 annualized dividend and a dividend yield of 1.05%. Moody's’s dividend payout ratio (DPR) is 29.46%.

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Moody's Company 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.

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

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