Rathbone Brothers plc boosted its position in Moody’s Co. (NYSE:MCO) by 83.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,272 shares of the business services provider’s stock after acquiring an additional 5,594 shares during the quarter. Rathbone Brothers plc’s holdings in Moody’s were worth $2,052,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in MCO. Flagship Harbor Advisors LLC bought a new stake in shares of Moody’s during the second quarter worth $140,000. United Asset Strategies Inc. bought a new stake in shares of Moody’s during the second quarter worth $201,000. FineMark National Bank & Trust bought a new stake in shares of Moody’s during the second quarter worth $205,000. Aldebaran Financial Inc. bought a new stake in shares of Moody’s during the second quarter worth $205,000. Finally, Gilbert & Cook Inc. bought a new stake in shares of Moody’s during the second quarter worth $206,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on MCO shares. UBS Group decreased their target price on shares of Moody’s from $192.00 to $189.00 and set a “neutral” rating on the stock in a research note on Friday, September 21st. William Blair reaffirmed a “buy” rating on shares of Moody’s in a research note on Sunday, August 12th. Wells Fargo & Co boosted their target price on shares of Moody’s from $160.00 to $172.00 and gave the stock a “market perform” rating in a research note on Monday, July 30th. Morgan Stanley boosted their target price on shares of Moody’s from $176.00 to $179.00 and gave the stock a “$184.49” rating in a research note on Wednesday, July 18th. Finally, Zacks Investment Research cut shares of Moody’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Moody’s has a consensus rating of “Hold” and an average target price of $180.91.
Shares of NYSE:MCO opened at $155.93 on Friday. The firm has a market cap of $32.09 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 10.72. Moody’s Co. has a 52 week low of $140.15 and a 52 week high of $187.98.
Moody’s (NYSE:MCO) last issued its quarterly earnings results on Friday, July 27th. The business services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.16. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Moody’s had a net margin of 24.10% and a return on equity of 907.23%. Moody’s’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Equities analysts anticipate that Moody’s Co. will post 7.79 earnings per share for the current year.
In other Moody’s news, CFO Linda Huber purchased 915 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were bought at an average price of $172.31 per share, for a total transaction of $157,663.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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