Moody's Co. (MCO) Stake Decreased by Legacy Private Trust Co.
Legacy Private Trust Co. lessened its holdings in shares of Moody's Co. (NYSE:MCO) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,122 shares of the business services provider’s stock after selling 640 shares during the period. Legacy Private Trust Co.’s holdings in Moody's were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MCO. JPMorgan Chase & Co. raised its holdings in shares of Moody's by 1,142.8% during the second quarter. JPMorgan Chase & Co. now owns 128,823 shares of the business services provider’s stock valued at $15,675,000 after buying an additional 141,176 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Moody's by 4.5% during the second quarter. Wells Fargo & Company MN now owns 332,995 shares of the business services provider’s stock valued at $40,518,000 after buying an additional 14,377 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Moody's by 2.6% during the second quarter. Riverhead Capital Management LLC now owns 5,132 shares of the business services provider’s stock valued at $624,000 after buying an additional 132 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Moody's during the second quarter valued at approximately $215,000. Finally, Norinchukin Bank The raised its holdings in shares of Moody's by 12.7% during the second quarter. Norinchukin Bank The now owns 6,571 shares of the business services provider’s stock valued at $800,000 after buying an additional 738 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors.
Shares of Moody's Co. (MCO) opened at $155.53 on Wednesday. Moody's Co. has a twelve month low of $96.98 and a twelve month high of $158.51. The company has a market capitalization of $30,050.48, a P/E ratio of 55.55, a P/E/G ratio of 2.54 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57.
Moody's (NYSE:MCO) last announced its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. During the same quarter in the previous year, the company earned $1.34 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. analysts expect that Moody's Co. will post 5.96 EPS for the current year.
In other Moody's news, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the transaction, the director now directly owns 21,336 shares in the company, valued at approximately $3,156,234.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ewald Kist sold 4,000 shares of Moody's stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,000 shares of company stock worth $715,930. 1.17% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on MCO. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 price target on shares of Moody's in a report on Wednesday, November 29th. UBS Group boosted their target price on Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. BMO Capital Markets reissued a “hold” rating and set a $143.00 target price on shares of Moody's in a report on Friday, October 13th. Nomura began coverage on Moody's in a report on Thursday, January 11th. They set a “buy” rating and a $180.00 target price on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Moody's in a report on Friday, October 6th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $155.82.
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Moody's Company Profile
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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