Douglass Winthrop Advisors LLC Cuts Holdings in Moody’s Co. (NYSE:MCO)

Douglass Winthrop Advisors LLC reduced its position in Moody’s Co. (NYSE:MCOFree Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,075 shares of the business services provider’s stock after selling 715 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Moody’s were worth $7,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in shares of Moody’s by 1.0% in the third quarter. Corient Private Wealth LLC now owns 24,051 shares of the business services provider’s stock valued at $7,607,000 after purchasing an additional 239 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Moody’s in the 3rd quarter worth about $181,000. Lincoln National Corp raised its position in shares of Moody’s by 5.7% during the 3rd quarter. Lincoln National Corp now owns 1,347 shares of the business services provider’s stock valued at $426,000 after buying an additional 73 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Moody’s by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 64,717 shares of the business services provider’s stock valued at $20,462,000 after acquiring an additional 4,006 shares during the last quarter. Finally, Versor Investments LP grew its position in Moody’s by 19.1% in the third quarter. Versor Investments LP now owns 1,409 shares of the business services provider’s stock worth $445,000 after acquiring an additional 226 shares in the last quarter. 92.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Robert W. Baird increased their target price on shares of Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Barclays raised shares of Moody’s from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $375.00 to $450.00 in a research note on Tuesday, April 2nd. Wells Fargo & Company reduced their price objective on shares of Moody’s from $455.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 14th. Finally, UBS Group boosted their target price on Moody’s from $355.00 to $380.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Moody’s has a consensus rating of “Moderate Buy” and a consensus price target of $400.50.

View Our Latest Stock Analysis on MCO

Moody’s Stock Up 0.9 %

Shares of MCO stock traded up $3.58 during mid-day trading on Monday, hitting $410.60. The stock had a trading volume of 498,500 shares, compared to its average volume of 721,847. The firm has a market capitalization of $74.98 billion, a P/E ratio of 44.83, a price-to-earnings-growth ratio of 3.28 and a beta of 1.26. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.42 and a quick ratio of 1.42. Moody’s Co. has a 12-month low of $298.86 and a 12-month high of $417.75. The firm’s 50-day moving average is $390.73 and its two-hundred day moving average is $383.79.

Moody’s (NYSE:MCOGet Free Report) last issued its earnings results on Thursday, May 2nd. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.31. Moody’s had a net margin of 27.01% and a return on equity of 54.50%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the business earned $2.99 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. On average, analysts predict that Moody’s Co. will post 10.69 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, May 16th. Moody’s’s dividend payout ratio (DPR) is 37.12%.

Moody’s Company Profile

(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.

Further Reading

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

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