Crossmark Global Holdings Inc. lifted its stake in Moody's Co. (NYSE:MCO - Free Report) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,398 shares of the business services provider's stock after buying an additional 2,487 shares during the period. Crossmark Global Holdings Inc.'s holdings in Moody's were worth $6,833,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Moody's in the 1st quarter worth $27,000. Versant Capital Management Inc lifted its stake in shares of Moody's by 114.3% in the 2nd quarter. Versant Capital Management Inc now owns 75 shares of the business services provider's stock worth $32,000 after acquiring an additional 40 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of Moody's in the 2nd quarter worth $35,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Moody's in the 3rd quarter worth $36,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Moody's in the 1st quarter worth $38,000. 92.11% of the stock is owned by hedge funds and other institutional investors.
Moody's Stock Up 0.3 %
Shares of NYSE MCO traded up $1.27 during trading on Monday, reaching $478.45. 698,938 shares of the stock were exchanged, compared to its average volume of 739,151. The business's 50-day moving average price is $474.46 and its 200 day moving average price is $444.89. Moody's Co. has a twelve month low of $342.16 and a twelve month high of $495.10. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $86.70 billion, a price-to-earnings ratio of 43.58, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29.
Moody's (NYSE:MCO - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.32. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.71 billion. Moody's had a net margin of 29.05% and a return on equity of 57.97%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 earnings per share. As a group, equities analysts forecast that Moody's Co. will post 12.07 EPS for the current fiscal year.
Moody's Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.85 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.71%. Moody's's dividend payout ratio (DPR) is presently 31.05%.
Insider Buying and Selling
In related news, SVP Caroline Sullivan sold 1,681 shares of Moody's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the sale, the senior vice president now owns 1,415 shares in the company, valued at approximately $654,296. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.07% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on MCO. Royal Bank of Canada increased their price target on shares of Moody's from $450.00 to $475.00 and gave the company an "outperform" rating in a report on Wednesday, July 24th. Stifel Nicolaus increased their price target on shares of Moody's from $454.00 to $459.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of Moody's from $451.00 to $462.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Barclays increased their price target on shares of Moody's from $500.00 to $570.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group raised their target price on shares of Moody's from $460.00 to $514.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Moody's presently has a consensus rating of "Hold" and a consensus price target of $500.00.
Get Our Latest Stock Report on MCO
About Moody's
(
Free Report)
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.
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