Clarius Group LLC Reduces Stock Position in Moody’s Co. (NYSE:MCO)

Clarius Group LLC lessened its stake in shares of Moody’s Co. (NYSE:MCOFree Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,026 shares of the business services provider’s stock after selling 150 shares during the quarter. Clarius Group LLC’s holdings in Moody’s were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MCO. Aaron Wealth Advisors LLC lifted its stake in shares of Moody’s by 3.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,072 shares of the business services provider’s stock worth $419,000 after purchasing an additional 33 shares during the period. Sequoia Financial Advisors LLC raised its stake in Moody’s by 59.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,744 shares of the business services provider’s stock worth $1,853,000 after acquiring an additional 1,773 shares during the period. Tobam raised its stake in Moody’s by 2,010.0% during the 4th quarter. Tobam now owns 211 shares of the business services provider’s stock worth $82,000 after acquiring an additional 201 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in Moody’s during the 4th quarter worth approximately $64,000. Finally, Windmill Hill Asset Management Ltd raised its stake in Moody’s by 0.6% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 7,557 shares of the business services provider’s stock worth $2,951,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In other news, CEO Robert Fauber sold 2,547 shares of Moody’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $376.50, for a total transaction of $958,945.50. Following the completion of the sale, the chief executive officer now directly owns 54,099 shares in the company, valued at $20,368,273.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of Moody’s from $430.00 to $414.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. UBS Group lifted their price objective on shares of Moody’s from $355.00 to $380.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Robert W. Baird reduced their price objective on shares of Moody’s from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $450.00 price objective on shares of Moody’s in a research report on Wednesday, February 14th. Finally, StockNews.com cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $397.75.

Get Our Latest Report on MCO

Moody’s Trading Down 1.7 %

MCO stock opened at $377.16 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a fifty day moving average price of $386.70 and a 200 day moving average price of $367.13. The firm has a market cap of $68.83 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 3.06 and a beta of 1.27. Moody’s Co. has a fifty-two week low of $296.45 and a fifty-two week high of $407.62.

Moody’s (NYSE:MCOGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The business services provider reported $2.19 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.14). The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Moody’s had a return on equity of 55.23% and a net margin of 27.16%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 earnings per share. Sell-side analysts anticipate that Moody’s Co. will post 10.67 earnings per share for the current fiscal year.

Moody’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.90%. This is a positive change from Moody’s’s previous quarterly dividend of $0.77. The ex-dividend date was Thursday, February 22nd. Moody’s’s payout ratio is presently 38.95%.

Moody’s Profile

(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.

See Also

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

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