Private Advisor Group LLC Trims Stock Holdings in Moody’s Co. (NYSE:MCO)

Private Advisor Group LLC lowered its position in shares of Moody’s Co. (NYSE:MCOFree Report) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,107 shares of the business services provider’s stock after selling 348 shares during the quarter. Private Advisor Group LLC’s holdings in Moody’s were worth $1,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Moody’s by 0.6% during the third quarter. Vanguard Group Inc. now owns 13,974,432 shares of the business services provider’s stock valued at $4,418,296,000 after buying an additional 88,667 shares in the last quarter. TCI Fund Management Ltd. raised its stake in Moody’s by 16.2% during the fourth quarter. TCI Fund Management Ltd. now owns 12,049,611 shares of the business services provider’s stock valued at $4,706,096,000 after buying an additional 1,678,594 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Moody’s by 4.9% during the first quarter. Bank of New York Mellon Corp now owns 2,692,411 shares of the business services provider’s stock valued at $1,058,198,000 after buying an additional 126,088 shares in the last quarter. Norges Bank acquired a new stake in Moody’s during the fourth quarter valued at approximately $720,502,000. Finally, PineStone Asset Management Inc. raised its stake in Moody’s by 14.9% during the fourth quarter. PineStone Asset Management Inc. now owns 1,773,991 shares of the business services provider’s stock valued at $692,850,000 after buying an additional 229,831 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Up 0.3 %

MCO opened at $437.25 on Thursday. Moody’s Co. has a 12 month low of $298.86 and a 12 month high of $437.32. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $79.84 billion, a P/E ratio of 47.73, a P/E/G ratio of 3.32 and a beta of 1.28. The stock’s 50 day moving average price is $411.05 and its 200 day moving average price is $393.95.

Moody’s (NYSE:MCOGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.31. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. Moody’s had a return on equity of 54.50% and a net margin of 27.01%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the company posted $2.99 EPS. As a group, research analysts predict that Moody’s Co. will post 10.81 earnings per share for the current year.

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 16th. Moody’s’s payout ratio is currently 37.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley increased their price target on Moody’s from $374.00 to $392.00 and gave the stock an “equal weight” rating in a research report on Friday, July 5th. Barclays upgraded Moody’s from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $375.00 to $450.00 in a research report on Tuesday, April 2nd. Oppenheimer increased their price target on Moody’s from $424.00 to $454.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus increased their price target on Moody’s from $350.00 to $374.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $420.27.

Read Our Latest Analysis on Moody’s

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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