Moody’s Co. (NYSE:MCO) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in shares of Moody’s Co. (NYSE:MCOFree Report) by 50.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,711 shares of the business services provider’s stock after selling 7,829 shares during the period. Jump Financial LLC’s holdings in Moody’s were worth $3,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCO. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Moody’s in the third quarter valued at approximately $35,000. Raleigh Capital Management Inc. boosted its stake in shares of Moody’s by 87.7% in the third quarter. Raleigh Capital Management Inc. now owns 122 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 57 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Moody’s in the third quarter valued at approximately $52,000. Advantage Trust Co purchased a new position in shares of Moody’s in the fourth quarter valued at approximately $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Moody’s in the third quarter valued at approximately $63,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Stock Performance

MCO stock remained flat at $400.35 on Monday. 100,687 shares of the company traded hands, compared to its average volume of 725,454. The stock has a market capitalization of $73.10 billion, a PE ratio of 43.71, a price-to-earnings-growth ratio of 3.33 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.68. Moody’s Co. has a 1 year low of $298.86 and a 1 year high of $407.62. The firm’s 50-day simple moving average is $385.59 and its 200 day simple moving average is $376.60.

Moody’s (NYSE:MCOGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.31. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. Moody’s had a net margin of 27.01% and a return on equity of 54.50%. Moody’s’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.99 EPS. As a group, equities analysts forecast that Moody’s Co. will post 10.69 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.85%. Moody’s’s dividend payout ratio is presently 37.12%.

Analyst Upgrades and Downgrades

MCO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Moody’s from $420.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. Oppenheimer lifted their price target on shares of Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company decreased their price target on shares of Moody’s from $455.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. UBS Group lifted their price target on shares of Moody’s from $355.00 to $380.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Robert W. Baird lifted their price target on shares of Moody’s from $405.00 to $414.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $400.50.

Read Our Latest Report 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.

See Also

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

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