Prosperity Wealth Management Inc. Acquires New Position in Moody’s Co. (NYSE:MCO)

Prosperity Wealth Management Inc. bought a new position in Moody’s Co. (NYSE:MCOFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 533 shares of the business services provider’s stock, valued at approximately $208,000.

Other large investors also recently bought and sold shares of the company. Wealthsource Partners LLC lifted its stake in shares of Moody’s by 0.9% during the third quarter. Wealthsource Partners LLC now owns 3,522 shares of the business services provider’s stock worth $1,114,000 after buying an additional 30 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in Moody’s by 2.0% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,580 shares of the business services provider’s stock worth $499,000 after acquiring an additional 31 shares during the period. Realta Investment Advisors grew its stake in Moody’s by 3.2% during the 4th quarter. Realta Investment Advisors now owns 997 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 31 shares during the last quarter. PDS Planning Inc grew its stake in Moody’s by 3.4% during the 3rd quarter. PDS Planning Inc now owns 1,015 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 33 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of Moody’s by 3.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 1,072 shares of the business services provider’s stock worth $419,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Trading Up 1.3 %

MCO stock opened at $375.41 on Thursday. Moody’s Co. has a 52-week low of $296.45 and a 52-week high of $407.62. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.01. The firm has a market cap of $68.51 billion, a P/E ratio of 43.00, a PEG ratio of 2.95 and a beta of 1.27. The company’s 50-day simple moving average is $385.09 and its 200-day simple moving average is $368.69.

Moody’s (NYSE:MCOGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The business services provider reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.14). The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Moody’s had a return on equity of 55.23% and a net margin of 27.16%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 EPS. As a group, equities analysts forecast that Moody’s Co. will post 10.68 EPS for the current fiscal year.

Moody’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.85 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $3.40 dividend on an annualized basis and a yield of 0.91%. This is a boost from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s dividend payout ratio (DPR) is currently 38.95%.

Analyst Upgrades and Downgrades

MCO has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $450.00 target price on shares of Moody’s in a research report on Wednesday, February 14th. Oppenheimer increased their price objective on shares of Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus reduced their target price on shares of Moody’s from $362.00 to $350.00 and set a “hold” rating for the company in a report on Wednesday, February 14th. Wells Fargo & Company lowered their price target on shares of Moody’s from $455.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, February 14th. Finally, Robert W. Baird reduced their price objective on Moody’s from $425.00 to $405.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $397.75.

View Our Latest Stock Analysis on MCO

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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