Parametric Portfolio Associates LLC decreased its stake in shares of Moody’s Co. (NYSE:MCO) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 951,611 shares of the business services provider’s stock after selling 20,769 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Moody’s were worth $185,859,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Moody’s by 2.2% in the first quarter. BlackRock Inc. now owns 12,278,489 shares of the business services provider’s stock valued at $2,223,511,000 after acquiring an additional 265,811 shares in the last quarter. Fiera Capital Corp increased its holdings in Moody’s by 3.7% in the first quarter. Fiera Capital Corp now owns 6,406,787 shares of the business services provider’s stock valued at $1,160,205,000 after buying an additional 230,386 shares during the last quarter. FMR LLC raised its stake in Moody’s by 15.7% in the first quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock valued at $829,991,000 after buying an additional 620,741 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Moody’s by 20.6% during the 4th quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock worth $335,962,000 after buying an additional 410,864 shares during the last quarter. Finally, Investec Asset Management LTD boosted its position in shares of Moody’s by 1.1% during the 2nd quarter. Investec Asset Management LTD now owns 2,044,170 shares of the business services provider’s stock worth $399,247,000 after acquiring an additional 21,396 shares in the last quarter. Institutional investors own 90.18% of the company’s stock.
Several equities research analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Moody’s from $214.00 to $228.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Barclays reaffirmed a “buy” rating on shares of Moody’s in a research note on Sunday, August 4th. Morgan Stanley lifted their price objective on shares of Moody’s from $170.00 to $173.00 and gave the company an “underweight” rating in a research report on Tuesday. UBS Group boosted their price objective on shares of Moody’s from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Moody’s has an average rating of “Hold” and a consensus target price of $201.09.
Shares of Moody’s stock traded up $0.50 during trading hours on Wednesday, reaching $211.96. The stock had a trading volume of 54,072 shares, compared to its average volume of 633,220. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 10.04. Moody’s Co. has a 1 year low of $129.26 and a 1 year high of $222.85. The firm has a market capitalization of $41.13 billion, a price-to-earnings ratio of 28.70 and a beta of 1.24. The firm has a 50 day simple moving average of $212.12 and a two-hundred day simple moving average of $193.94.
Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.09. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $2.04 earnings per share. Moody’s’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Moody’s Co. will post 8.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. Moody’s’s payout ratio is 27.06%.
Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
Read More: Market Indexes
Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.