Virtu Financial LLC Purchases New Holdings in Moody's Co. (MCO)
Virtu Financial LLC purchased a new position in shares of Moody's Co. (NYSE:MCO) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,434 shares of the business services provider’s stock, valued at approximately $212,000.
Several other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in shares of Moody's during the 4th quarter worth approximately $192,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Moody's by 2.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 493,088 shares of the business services provider’s stock worth $72,785,000 after buying an additional 12,859 shares in the last quarter. Waratah Capital Advisors Ltd. lifted its holdings in shares of Moody's by 6.5% in the 4th quarter. Waratah Capital Advisors Ltd. now owns 18,831 shares of the business services provider’s stock worth $2,780,000 after purchasing an additional 1,151 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Moody's by 2.2% in the 4th quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock worth $1,558,454,000 after purchasing an additional 228,277 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Moody's by 0.3% in the 4th quarter. Rhumbline Advisers now owns 329,995 shares of the business services provider’s stock worth $48,711,000 after purchasing an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
A number of brokerages recently issued reports on MCO. 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. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody's in a report on Friday, February 9th. BMO Capital Markets increased their target price on Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a report on Friday, February 9th. Barclays increased their target price on Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Finally, Argus increased their target price on Moody's to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Moody's currently has an average rating of “Hold” and a consensus target price of $163.50.
Shares of Moody's stock opened at $167.21 on Thursday. The company has a market capitalization of $32,001.61, a price-to-earnings ratio of 32.47, a P/E/G ratio of 1.89 and a beta of 1.29. Moody's Co. has a 12-month low of $110.11 and a 12-month high of $171.68. The company has a debt-to-equity ratio of -44.48, a current ratio of 1.25 and a quick ratio of 1.25.
Moody's (NYSE:MCO) last released its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. Moody's’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. equities analysts anticipate that Moody's Co. will post 7.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Tuesday, February 20th were given a $0.44 dividend. This is a positive change from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 16th. Moody's’s dividend payout ratio is presently 34.17%.
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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