AlphaCrest Capital Management LLC Raises Stock Position in Moody’s Co. (NYSE:MCO)

AlphaCrest Capital Management LLC raised its stake in shares of Moody’s Co. (NYSE:MCO) by 34.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,400 shares of the business services provider’s stock after purchasing an additional 359 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Moody’s were worth $507,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Moody’s during the 2nd quarter valued at $386,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Moody’s by 90.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 186,265 shares of the business services provider’s stock worth $67,497,000 after buying an additional 88,460 shares in the last quarter. Patriot Investment Management Inc. bought a new stake in shares of Moody’s during the second quarter valued at approximately $684,000. Penserra Capital Management LLC increased its position in shares of Moody’s by 50.1% during the second quarter. Penserra Capital Management LLC now owns 614 shares of the business services provider’s stock valued at $221,000 after acquiring an additional 205 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Moody’s by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 632,590 shares of the business services provider’s stock valued at $229,249,000 after acquiring an additional 9,918 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Moody’s stock opened at $361.47 on Thursday. The company’s 50-day moving average price is $373.99 and its 200-day moving average price is $353.94. Moody’s Co. has a twelve month low of $253.17 and a twelve month high of $388.81. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 2.67. The company has a market cap of $67.31 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 3.23 and a beta of 1.15.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, July 28th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.46. Moody’s had a net margin of 36.11% and a return on equity of 111.33%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, sell-side analysts expect that Moody’s Co. will post 11.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 20th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, August 19th. Moody’s’s dividend payout ratio is currently 24.43%.

In other Moody’s news, SVP Melanie Hughes sold 1,559 shares of the company’s stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $378.07, for a total value of $589,411.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Fauber sold 447 shares of Moody’s stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $357.50, for a total value of $159,802.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,266 shares of company stock valued at $2,368,779. 0.50% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on MCO shares. Oppenheimer raised their price target on shares of Moody’s from $406.00 to $418.00 and gave the company an “outperform” rating in a research report on Tuesday, September 7th. They noted that the move was a valuation call. Raymond James lifted their target price on shares of Moody’s from $406.00 to $416.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 5th. Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $395.00 target price for the company in a research report on Tuesday, June 29th. BMO Capital Markets lifted their price target on shares of Moody’s from $406.00 to $415.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th. Finally, UBS Group cut shares of Moody’s from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $383.00 to $392.00 in a research note on Thursday, July 29th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $387.55.

About Moody’s

Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the following segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities and commercial paper programs.

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

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