Retirement Systems of Alabama Has $13.65 Million Position in Moody’s Co. (NYSE:MCO)

Retirement Systems of Alabama boosted its position in Moody’s Co. (NYSE:MCOFree Report) by 0.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,736 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Retirement Systems of Alabama’s holdings in Moody’s were worth $13,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. increased its holdings in Moody’s by 21.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 16,785 shares of the business services provider’s stock worth $6,556,000 after purchasing an additional 2,942 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Moody’s by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 72,689 shares of the business services provider’s stock worth $28,389,000 after purchasing an additional 2,933 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Moody’s by 392.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 24,668 shares of the business services provider’s stock valued at $9,634,000 after buying an additional 19,660 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Moody’s by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 679,237 shares of the business services provider’s stock valued at $265,285,000 after buying an additional 14,344 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Moody’s by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 898,117 shares of the business services provider’s stock valued at $350,769,000 after buying an additional 24,335 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $432.26 on Friday. 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 stock has a 50 day moving average price of $407.27 and a two-hundred day moving average price of $392.89. The firm has a market capitalization of $78.93 billion, a P/E ratio of 47.19, a P/E/G ratio of 3.28 and a beta of 1.28. Moody’s Co. has a 52 week low of $298.86 and a 52 week high of $432.78.

Moody’s (NYSE:MCOGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.31. Moody’s had a return on equity of 54.50% and a net margin of 27.01%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company earned $2.99 earnings per share. Moody’s’s revenue was up 21.5% compared to the same quarter last year. Equities analysts forecast that Moody’s Co. will post 10.79 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.79%. Moody’s’s payout ratio is 37.12%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Moody’s from $374.00 to $392.00 and gave the company an “equal weight” rating in a research note on Friday. Robert W. Baird raised their target price on Moody’s from $405.00 to $414.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Barclays raised Moody’s from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $375.00 to $450.00 in a research note on Tuesday, April 2nd. Oppenheimer raised their target price on Moody’s from $424.00 to $454.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st. Finally, StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and a consensus target price of $413.45.

Read Our Latest Research Report on Moody’s

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.

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

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