Blue Fin Capital Inc. Grows Position in Moody’s Co. (NYSE:MCO)

Blue Fin Capital Inc. grew its stake in shares of Moody’s Co. (NYSE:MCOGet Rating) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,752 shares of the business services provider’s stock after buying an additional 41 shares during the period. Blue Fin Capital Inc.’s holdings in Moody’s were worth $1,155,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Ronald Blue Trust Inc. acquired a new stake in shares of Moody’s during the second quarter worth $41,000. CX Institutional acquired a new stake in shares of Moody’s during the second quarter worth $46,000. Coston McIsaac & Partners acquired a new stake in shares of Moody’s during the second quarter worth $63,000. CoreCap Advisors LLC acquired a new stake in shares of Moody’s during the second quarter worth $72,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of Moody’s by 25.8% during the third quarter. Pacer Advisors Inc. now owns 322 shares of the business services provider’s stock worth $78,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.

Moody’s Stock Performance

Shares of MCO stock opened at $320.47 on Monday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.08. The business has a 50 day moving average of $292.85 and a two-hundred day moving average of $284.19. Moody’s Co. has a 52 week low of $230.16 and a 52 week high of $354.81. The company has a market cap of $58.71 billion, a P/E ratio of 38.24, a PEG ratio of 3.12 and a beta of 1.24.

Moody’s (NYSE:MCOGet Rating) last issued its earnings results on Tuesday, October 25th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.16). Moody’s had a net margin of 27.20% and a return on equity of 66.15%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. As a group, analysts anticipate that Moody’s Co. will post 8.38 EPS for the current year.

Moody’s Announces Dividend

The business also recently announced a Variable dividend, which was paid on Monday, October 31st. Shareholders of record on Thursday, October 27th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, October 26th. Moody’s’s payout ratio is currently 33.41%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MCO shares. Robert W. Baird decreased their price objective on Moody’s from $302.00 to $289.00 in a report on Wednesday, October 26th. Raymond James lifted their target price on Moody’s from $284.00 to $311.00 and gave the company an “outperform” rating in a report on Tuesday, January 10th. Stifel Nicolaus reduced their target price on Moody’s from $259.00 to $235.00 and set a “hold” rating on the stock in a report on Wednesday, October 12th. Morgan Stanley reduced their target price on Moody’s from $294.00 to $293.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 4th. Finally, The Goldman Sachs Group lifted their target price on Moody’s from $261.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, November 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $296.47.

Moody’s Profile

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Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

See Also

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

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