Miracle Mile Advisors LLC Acquires 156 Shares of Moody’s Co. (NYSE:MCO)

Miracle Mile Advisors LLC raised its position in shares of Moody’s Co. (NYSE:MCOFree Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,810 shares of the business services provider’s stock after purchasing an additional 156 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Moody’s were worth $1,098,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Natixis bought a new position in shares of Moody’s during the 2nd quarter valued at approximately $25,000. Compass Wealth Management LLC bought a new position in shares of Moody’s during the 4th quarter valued at approximately $28,000. Ancora Advisors LLC grew its stake in shares of Moody’s by 4,900.0% during the 1st quarter. Ancora Advisors LLC now owns 100 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 98 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Moody’s during the 1st quarter valued at approximately $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Moody’s during the 3rd quarter valued at approximately $35,000. 92.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCO has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Moody’s from $362.00 to $350.00 and set a “hold” rating for the company in a research note on Wednesday, February 14th. Robert W. Baird lowered their price target on Moody’s from $425.00 to $405.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $450.00 price target on shares of Moody’s in a report on Wednesday, February 14th. UBS Group boosted their price target on Moody’s from $355.00 to $380.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Barclays boosted their price target on Moody’s from $340.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.42.

Read Our Latest Stock Analysis on MCO

Moody’s Stock Up 0.2 %

Shares of MCO opened at $393.89 on Tuesday. The stock has a market capitalization of $71.88 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 3.15 and a beta of 1.27. Moody’s Co. has a 1 year low of $290.98 and a 1 year high of $407.62. The business’s 50 day simple moving average is $387.34 and its 200-day simple moving average is $363.72. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.74 and a quick ratio of 1.74.

Moody’s (NYSE:MCOGet Free Report) last released its earnings results on Tuesday, February 13th. The business services provider reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.14). The company had revenue of $1.48 billion for 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. As a group, equities analysts expect that Moody’s Co. will post 10.66 earnings per share for the current fiscal year.

Moody’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $3.40 annualized dividend and a dividend yield of 0.86%. This is an increase from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s payout ratio is currently 38.95%.

Insider Activity

In other news, CEO Robert Fauber sold 2,547 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $376.50, for a total transaction of $958,945.50. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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

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