Moody's Co. (MCO) Stake Decreased by First Manhattan Co.

First Manhattan Co. decreased its stake in shares of Moody's Co. (NYSE:MCO) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,160 shares of the business services provider’s stock after selling 1,555 shares during the quarter. First Manhattan Co. owned about 0.10% of Moody's worth $27,921,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Thrivent Financial For Lutherans raised its stake in shares of Moody's by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 6,280 shares of the business services provider’s stock worth $764,000 after purchasing an additional 190 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Moody's by 3.1% in the second quarter. Mutual of America Capital Management LLC now owns 20,386 shares of the business services provider’s stock worth $2,481,000 after purchasing an additional 617 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Moody's by 7.3% in the second quarter. UBS Asset Management Americas Inc. now owns 466,162 shares of the business services provider’s stock worth $56,723,000 after purchasing an additional 31,861 shares during the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Moody's in the second quarter worth $326,000. Finally, FMR LLC raised its stake in shares of Moody's by 1.4% in the second quarter. FMR LLC now owns 2,481,997 shares of the business services provider’s stock worth $302,010,000 after purchasing an additional 33,600 shares during the last quarter. Institutional investors and hedge funds own 87.31% of the company’s stock.

Several research firms have recently weighed in on MCO. Argus boosted their price target on Moody's to $190.00 and gave the stock a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Barclays boosted their price target on Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald boosted their price target on Moody's from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday. Credit Suisse Group restated a “neutral” rating and issued a $187.00 price target (up previously from $161.00) on shares of Moody's in a research note on Monday. Finally, Wells Fargo & Co set a $160.00 price objective on Moody's and gave the company a “market perform” rating in a research report on Monday. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $163.50.

Moody's Co. (NYSE:MCO) traded up $1.95 during trading on Wednesday, reaching $163.55. The company had a trading volume of 1,357,646 shares, compared to its average volume of 876,731. The stock has a market capitalization of $31,240.00, a PE ratio of 31.70, a PEG ratio of 2.24 and a beta of 1.36. The company has a debt-to-equity ratio of -48.22, a quick ratio of 1.15 and a current ratio of 1.25. Moody's Co. has a 12 month low of $108.12 and a 12 month high of $167.23.

Moody's (NYSE:MCO) last released its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. Moody's’s revenue for the quarter was up 23.7% on a year-over-year basis. equities research analysts anticipate that Moody's Co. will post 6.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, February 16th. This is a positive change from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is currently 29.46%.

In other Moody's news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the sale, the director now directly owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. Insiders have sold 5,005 shares of company stock valued at $716,738 in the last three months. 1.17% of the stock is currently owned by corporate insiders.

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Moody's Company Profile

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.

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

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