The Manufacturers Life Insurance Company Has $44.27 Million Stock Holdings in Moody’s Co. (NYSE:MCO)

The Manufacturers Life Insurance Company lifted its holdings in Moody’s Co. (NYSE:MCOFree Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,342 shares of the business services provider’s stock after buying an additional 2,402 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Moody’s worth $44,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Moody’s in the third quarter worth $35,000. Raleigh Capital Management Inc. boosted its position in shares of Moody’s by 87.7% in the third quarter. Raleigh Capital Management Inc. now owns 122 shares of the business services provider’s stock worth $39,000 after buying an additional 57 shares during the period. Advantage Trust Co acquired a new stake in shares of Moody’s in the fourth quarter worth $52,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Moody’s in the fourth quarter worth $64,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Moody’s in the third quarter worth $69,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCO. Stifel Nicolaus lifted their price objective on Moody’s from $350.00 to $374.00 and gave the company a “hold” rating in a research report on Tuesday, May 7th. BMO Capital Markets reduced their price objective on Moody’s from $430.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Barclays raised Moody’s from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $375.00 to $450.00 in a research report on Tuesday, April 2nd. UBS Group lifted their price objective on Moody’s from $355.00 to $380.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Moody’s from $420.00 to $410.00 and set an “overweight” rating for the company in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $400.50.

Check Out Our Latest Stock Report on MCO

Moody’s Trading Up 0.9 %

Moody’s stock opened at $410.18 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50-day simple moving average is $392.49 and its 200-day simple moving average is $386.12. The firm has a market capitalization of $74.90 billion, a PE ratio of 44.78, a PEG ratio of 3.25 and a beta of 1.27. Moody’s Co. has a 52 week low of $298.86 and a 52 week high of $417.75.

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

Moody’s Dividend Announcement

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

Moody’s 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.

See Also

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

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