Allspring Global Investments Holdings LLC Buys 10,076 Shares of Moody’s Co. (NYSE:MCO)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Moody’s Co. (NYSE:MCOGet Rating) by 94.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,768 shares of the business services provider’s stock after acquiring an additional 10,076 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Moody’s were worth $5,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lindbrook Capital LLC increased its position in shares of Moody’s by 12.7% during the second quarter. Lindbrook Capital LLC now owns 310 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 35 shares during the last quarter. Lido Advisors LLC increased its position in shares of Moody’s by 1.0% during the first quarter. Lido Advisors LLC now owns 3,630 shares of the business services provider’s stock valued at $1,224,000 after acquiring an additional 36 shares during the last quarter. Allworth Financial LP increased its position in shares of Moody’s by 8.9% during the second quarter. Allworth Financial LP now owns 466 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 38 shares during the last quarter. RFG Advisory LLC increased its position in Moody’s by 4.1% in the second quarter. RFG Advisory LLC now owns 995 shares of the business services provider’s stock worth $310,000 after buying an additional 39 shares during the last quarter. Finally, Veriti Management LLC increased its position in Moody’s by 2.5% in the second quarter. Veriti Management LLC now owns 1,701 shares of the business services provider’s stock worth $463,000 after buying an additional 41 shares during the last quarter. 90.84% of the stock is owned by hedge funds and other institutional investors.

Moody’s Price Performance

NYSE:MCO opened at $314.53 on Tuesday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a fifty day moving average of $290.27 and a 200 day moving average of $283.12. Moody’s Co. has a 52-week low of $230.16 and a 52-week high of $360.00. The firm has a market capitalization of $57.62 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 3.07 and a beta of 1.24.

Moody’s (NYSE:MCOGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.16). Moody’s had a return on equity of 66.15% and a net margin of 27.20%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $2.69 EPS. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, research analysts expect that Moody’s Co. will post 8.38 EPS for the current fiscal year.

Moody’s Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 27th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, October 26th. Moody’s’s dividend payout ratio (DPR) is currently 33.41%.

Analyst Ratings Changes

A number of analysts have issued reports on MCO shares. Deutsche Bank Aktiengesellschaft raised their target price on Moody’s from $260.00 to $267.00 in a research report on Wednesday, October 26th. Stifel Nicolaus decreased their target price on Moody’s from $259.00 to $235.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. Raymond James raised their target price on Moody’s from $284.00 to $311.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 10th. Royal Bank of Canada reduced their price target on Moody’s from $329.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Atlantic Securities lifted their price target on Moody’s from $290.00 to $292.00 in a research report on Monday, November 7th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Moody’s currently has an average rating of “Hold” and an average price target of $296.47.

Moody’s Profile

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Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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

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