Latest Stocks: US Bancorp DE Increases Position in Moody’s Co. (MCO)

Latest Stocks: US Bancorp DE Increases Position in Moody’s Co. (MCO)

US Bancorp DE raised its stake in shares of Moody's Co. (NYSE:MCO) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,468 shares of the business services provider’s stock after buying an additional 705 shares during the period. US Bancorp DE’s holdings in Moody's Co. were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Moody's Co. during the fourth quarter valued at approximately $153,835,000. The Manufacturers Life Insurance Company acquired a new position in Moody's Co. during the third quarter valued at approximately $174,239,000. Norges Bank acquired a new position in Moody's Co. during the fourth quarter valued at approximately $128,422,000. Russell Investments Group Ltd. acquired a new position in Moody's Co. during the fourth quarter valued at approximately $123,889,000. Finally, State Street Corp raised its position in Moody's Co. by 9.4% in the fourth quarter. State Street Corp now owns 7,432,775 shares of the business services provider’s stock valued at $700,692,000 after buying an additional 636,369 shares in the last quarter. 87.31% of the stock is currently owned by institutional investors.

Shares of Moody's Co. (NYSE MCO) opened at 118.86 on Tuesday. The stock has a market capitalization of $22.74 billion, a PE ratio of 54.08 and a beta of 1.30. Moody's Co. has a 52-week low of $87.30 and a 52-week high of $119.99. The stock has a 50 day moving average of $116.62 and a 200 day moving average of $108.04.

Moody's Co. (NYSE:MCO) last announced its quarterly earnings data on Friday, May 5th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.23. The business had revenue of $975.20 million during the quarter, compared to analysts’ expectations of $914.27 million. Moody's Co. had a negative return on equity of 260.34% and a net margin of 25.88%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Analysts forecast that Moody's Co. will post $5.33 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Monday, May 22nd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 18th. Moody's Co.’s payout ratio is presently 31.97%.

Moody's Co. (NYSE:MCO) last announced its quarterly earnings data on Friday, May 5th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.23. The business had revenue of $975.20 million during the quarter, compared to analysts’ expectations of $914.27 million. Moody's Co. had a negative return on equity of 260.34% and a net margin of 25.88%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Analysts forecast that Moody's Co. will post $5.33 earnings per share for the current year. Several equities analysts recently commented on MCO shares. Zacks Investment Research raised shares of Moody's Co. from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Tuesday, March 21st. Cantor Fitzgerald increased their target price on shares of Moody's Co. from $105.00 to $108.00 and gave the company a “hold” rating in a report on Tuesday, February 21st. Morgan Stanley increased their price target on shares of Moody's Co. from $117.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Barclays PLC reissued a “hold” rating and set a $118.00 price target on shares of Moody's Co. in a research report on Thursday, April 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $124.00 price target on shares of Moody's Co. in a research report on Wednesday, April 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $117.57.

In related news, insider Raymond W. Mcdaniel sold 61,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the completion of the sale, the insider now owns 308,761 shares in the company, valued at $34,998,059.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John J. Goggins sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $116.79, for a total value of $5,839,500.00. Following the sale, the executive vice president now owns 106,221 shares of the company’s stock, valued at approximately $12,405,550.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,391 shares of company stock valued at $14,284,837. 1.48% of the stock is owned by company insiders. Moody's Co. Company Profile

Related posts

Leave a Comment