595 Shares in Moody’s Co. (NYSE:MCO) Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC acquired a new stake in shares of Moody’s Co. (NYSE:MCO) during the 1st quarter, HoldingsChannel reports. The fund acquired 595 shares of the business services provider’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of MCO. Blue Zone Wealth Advisors LLC increased its stake in Moody’s by 4.6% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 12,810 shares of the business services provider’s stock worth $5,035,000 after buying an additional 561 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Moody’s by 42.2% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,459 shares of the business services provider’s stock worth $2,146,000 after purchasing an additional 1,621 shares in the last quarter. Norris Perne & French LLP MI lifted its holdings in Moody’s by 0.8% in the 1st quarter. Norris Perne & French LLP MI now owns 53,192 shares of the business services provider’s stock valued at $20,906,000 after purchasing an additional 396 shares in the last quarter. DeDora Capital Inc. purchased a new position in Moody’s in the 1st quarter valued at $487,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Moody’s in the first quarter worth about $2,967,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Up 0.4 %

Shares of NYSE MCO opened at $420.93 on Monday. Moody’s Co. has a 52-week low of $298.86 and a 52-week high of $428.79. The business’s 50 day moving average is $402.52 and its two-hundred day moving average is $391.66. The firm has a market cap of $76.86 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 3.27 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.68.

Moody’s (NYSE:MCO) last posted its earnings results on Thursday, May 2nd. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.31. The firm 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%. Moody’s’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.99 EPS. Research analysts predict that Moody’s Co. will post 10.69 EPS for the current year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, May 16th. Moody’s’s payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Barclays raised Moody’s from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $375.00 to $450.00 in a report on Tuesday, April 2nd. Oppenheimer boosted their price objective on Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. 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. Finally, Stifel Nicolaus boosted their price target on shares of Moody’s from $350.00 to $374.00 and gave the company a “hold” rating in a research report on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and a consensus target price of $400.50.

Moody’s Profile

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.