Westwood Holdings Group Inc. cut its holdings in shares of Moody's Co. (NYSE:MCO) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,105 shares of the business services provider’s stock after selling 404 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Moody's were worth $5,625,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC raised its stake in shares of Moody's by 2,358.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock worth $105,000 after acquiring an additional 684 shares in the last quarter. Truewealth LLC purchased a new position in shares of Moody's during the fourth quarter worth approximately $105,000. Delpha Capital Management LLC purchased a new position in shares of Moody's during the fourth quarter worth approximately $117,000. Grove Bank & Trust raised its stake in shares of Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after acquiring an additional 550 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Moody's during the fourth quarter worth approximately $192,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on MCO shares. Cantor Fitzgerald restated a “hold” rating and issued a $148.00 target price on shares of Moody's in a report on Wednesday, November 29th. Barclays raised their target price on shares of Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Argus raised their target price on shares of Moody's to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Nomura started coverage on shares of Moody's in a report on Thursday, January 11th. They issued a “buy” rating and a $180.00 target price on the stock. Finally, Wells Fargo set a $160.00 target price on shares of Moody's and gave the stock a “market perform” rating in a report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $163.50.
Shares of Moody's Co. (NYSE MCO) opened at $165.39 on Tuesday. The firm has a market cap of $31,971.03, a price-to-earnings ratio of 32.11, a P/E/G ratio of 1.89 and a beta of 1.29. Moody's Co. has a fifty-two week low of $110.11 and a fifty-two week high of $171.68. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48.
Moody's (NYSE:MCO) last released its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. equities analysts expect that Moody's Co. will post 7.7 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Tuesday, February 20th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.76 annualized dividend and a yield of 1.06%. This is a boost from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is 34.17%.
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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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