Cambridge Investment Research Advisors Inc. cut its stake in shares of Moody’s Co. (NYSE:MCO) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,992 shares of the business services provider’s stock after selling 323 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Moody’s were worth $294,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Valeo Financial Advisors LLC increased its holdings in shares of Moody’s by 2,358.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 684 shares in the last quarter. Truewealth LLC bought a new position in shares of Moody’s during the fourth quarter valued at $105,000. Delpha Capital Management LLC bought a new position in shares of Moody’s during the fourth quarter valued at $117,000. Tower Research Capital LLC TRC bought a new position in shares of Moody’s during the fourth quarter valued at $192,000. Finally, BTR Capital Management Inc. bought a new position in shares of Moody’s during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 88.51% of the company’s stock.
Several brokerages have recently weighed in on MCO. Barclays raised their price target on Moody’s from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Argus raised their price target on Moody’s to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Nomura began coverage on Moody’s in a report on Thursday, January 11th. They set a “buy” rating and a $180.00 price target for the company. Morgan Stanley raised their price target on Moody’s from $168.00 to $172.00 and gave the company an “equal weight” rating in a report on Thursday, April 12th. Finally, Wells Fargo set a $160.00 price target on Moody’s and gave the company a “market perform” rating in a report on Monday, February 12th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $169.42.
NYSE MCO opened at $164.38 on Tuesday. Moody’s Co. has a one year low of $112.55 and a one year high of $171.68. The stock has a market capitalization of $31,128.28, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48.
Moody’s (NYSE:MCO) last released its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, topping the 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.23 EPS. Moody’s’s revenue for the quarter was up 23.7% on a year-over-year basis. sell-side analysts expect that Moody’s Co. will post 7.75 EPS for the current year.
In other Moody’s news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $160.96, for a total value of $80,480.00. Following the transaction, the director now directly owns 21,944 shares of the company’s stock, valued at $3,532,106.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raymond W. Mcdaniel sold 45,215 shares of the firm’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $159.73, for a total value of $7,222,191.95. Following the completion of the transaction, the insider now directly owns 149,011 shares in the company, valued at $23,801,527.03. The disclosure for this sale can be found here. Insiders sold a total of 80,397 shares of company stock valued at $12,943,423 over the last quarter. 1.00% of the stock is owned by corporate insiders.
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Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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