New Mexico Educational Retirement Board Raises Stake in Moody's Co. (MCO)

New Mexico Educational Retirement Board grew its position in Moody's Co. (NYSE:MCO) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,942 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Moody's were worth $2,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MCO. Rational Advisors LLC purchased a new position in Moody's in the fourth quarter valued at $1,436,000. Candriam Luxembourg S.C.A. boosted its holdings in Moody's by 74.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 29,727 shares of the business services provider’s stock valued at $4,388,000 after purchasing an additional 12,659 shares during the period. KBC Group NV boosted its holdings in Moody's by 49.1% in the fourth quarter. KBC Group NV now owns 188,976 shares of the business services provider’s stock valued at $27,894,000 after purchasing an additional 62,215 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Moody's by 3.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 34,737 shares of the business services provider’s stock valued at $5,127,000 after purchasing an additional 1,234 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Moody's by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 491,343 shares of the business services provider’s stock valued at $72,527,000 after purchasing an additional 9,498 shares during the period. 87.31% of the stock is owned by institutional investors and hedge funds.

Shares of Moody's Co. (NYSE:MCO) opened at $168.21 on Friday. The stock has a market capitalization of $31,895.09, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.97 and a beta of 1.36. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22. Moody's Co. has a fifty-two week low of $109.55 and a fifty-two week high of $169.06.

Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $1.23 EPS. Moody's’s revenue for the quarter was up 23.7% on a year-over-year basis. sell-side analysts predict that Moody's Co. will post 7.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is 29.51%.

In other news, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the sale, the director now owns 21,336 shares in the company, valued at $3,156,234.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,005 shares of company stock worth $148,738 in the last quarter. Insiders own 1.17% of the company’s stock.

A number of research analysts recently issued reports on the company. Cantor Fitzgerald lifted their target price on Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Barclays lifted their target price on Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Wells Fargo & Co set a $160.00 target price on Moody's and gave the company a “market perform” rating in a report on Monday, February 12th. BMO Capital Markets lifted their target price on Moody's from $159.00 to $161.00 and gave the company a “market perform” rating in a report on Friday, February 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $187.00 target price (up from $161.00) on shares of Moody's in a report on Monday, February 12th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $163.50.

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

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