Norden Group LLC Invests $594,000 in Moody’s Co. (NYSE:MCO)

Norden Group LLC acquired a new position in Moody’s Co. (NYSE:MCOFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,510 shares of the business services provider’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. grew its position in shares of Moody’s by 23.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 150 shares of the business services provider’s stock worth $59,000 after buying an additional 28 shares during the last quarter. Strategic Advocates LLC grew its position in Moody’s by 1.6% during the 4th quarter. Strategic Advocates LLC now owns 1,890 shares of the business services provider’s stock worth $738,000 after purchasing an additional 30 shares during the last quarter. Manchester Capital Management LLC grew its position in Moody’s by 7.0% during the 4th quarter. Manchester Capital Management LLC now owns 459 shares of the business services provider’s stock worth $179,000 after purchasing an additional 30 shares during the last quarter. First Hawaiian Bank grew its position in Moody’s by 1.3% during the 1st quarter. First Hawaiian Bank now owns 2,375 shares of the business services provider’s stock worth $933,000 after purchasing an additional 30 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its position in Moody’s by 10.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 305 shares of the business services provider’s stock worth $120,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays raised shares of Moody’s from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $375.00 to $450.00 in a research report on Tuesday, April 2nd. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer boosted their target price on shares of Moody’s from $424.00 to $454.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. Stifel Nicolaus lifted their price objective on shares of Moody’s from $350.00 to $374.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. Finally, Robert W. Baird lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $413.45.

Check Out Our Latest Analysis on MCO

Moody’s Stock Performance

MCO opened at $432.26 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a fifty day moving average price of $407.27 and a 200 day moving average price of $392.98. Moody’s Co. has a 1 year low of $298.86 and a 1 year high of $432.78. The stock has a market cap of $78.93 billion, a P/E ratio of 47.19, a P/E/G ratio of 3.33 and a beta of 1.28.

Moody’s (NYSE:MCOGet Free Report) last posted its earnings results on Thursday, May 2nd. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the business posted $2.99 EPS. The business’s revenue was up 21.5% compared to the same quarter last year. Equities research analysts anticipate that Moody’s Co. will post 10.79 earnings per share for the current year.

Moody’s Announces Dividend

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

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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