Carderock Capital Management Inc. Has $7.56 Million Position in Moody’s Co. (NYSE:MCO)

Carderock Capital Management Inc. lifted its stake in Moody’s Co. (NYSE:MCOFree Report) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,346 shares of the business services provider’s stock after purchasing an additional 4,983 shares during the period. Moody’s accounts for 2.1% of Carderock Capital Management Inc.’s portfolio, making the stock its 21st largest position. Carderock Capital Management Inc.’s holdings in Moody’s were worth $7,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of MCO. Markel Corp grew its holdings in Moody’s by 0.8% during the 1st quarter. Markel Corp now owns 212,990 shares of the business services provider’s stock worth $71,865,000 after acquiring an additional 1,750 shares during the period. Raymond James Trust N.A. grew its holdings in Moody’s by 6.8% during the 1st quarter. Raymond James Trust N.A. now owns 2,126 shares of the business services provider’s stock worth $717,000 after acquiring an additional 135 shares during the period. Prudential PLC acquired a new stake in Moody’s during the 1st quarter worth $1,078,000. Sequoia Financial Advisors LLC boosted its position in shares of Moody’s by 8.7% during the first quarter. Sequoia Financial Advisors LLC now owns 1,980 shares of the business services provider’s stock worth $668,000 after purchasing an additional 158 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Moody’s by 2.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 30,994 shares of the business services provider’s stock worth $10,457,000 after purchasing an additional 684 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Buying and Selling at Moody’s

In other Moody’s news, CEO Robert Fauber sold 2,547 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $376.50, for a total value of $958,945.50. Following the completion of the sale, the chief executive officer now owns 54,099 shares of the company’s stock, valued at approximately $20,368,273.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

Moody’s Stock Up 0.3 %

Shares of MCO opened at $392.47 on Thursday. Moody’s Co. has a 52 week low of $290.98 and a 52 week high of $407.62. The firm has a market cap of $71.63 billion, a P/E ratio of 44.96, a price-to-earnings-growth ratio of 3.13 and a beta of 1.27. The firm’s 50-day simple moving average is $387.46 and its 200 day simple moving average is $364.39. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.74 and a current ratio of 1.74.

Moody’s (NYSE:MCOGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.14). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Moody’s had a net margin of 27.16% and a return on equity of 55.23%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. On average, analysts forecast that Moody’s Co. will post 10.66 earnings per share for the current year.

Moody’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $3.40 dividend on an annualized basis and a yield of 0.87%. This is an increase from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s payout ratio is currently 38.95%.

Wall Street Analyst Weigh In

Several brokerages have commented on MCO. UBS Group boosted their price target on shares of Moody’s from $355.00 to $380.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. StockNews.com lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Oppenheimer boosted their price objective on shares of Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays upgraded shares of Moody’s from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $375.00 to $450.00 in a research note on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $450.00 price objective on shares of Moody’s in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $397.75.

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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.

See Also

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

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