Los Angeles Capital Management LLC Sells 31,937 Shares of Moody’s Co. (NYSE:MCO)

Los Angeles Capital Management LLC cut its holdings in shares of Moody’s Co. (NYSE:MCOFree Report) by 36.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,593 shares of the business services provider’s stock after selling 31,937 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Moody’s were worth $22,243,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MCO. Raleigh Capital Management Inc. grew its position in Moody’s by 87.7% in the third quarter. Raleigh Capital Management Inc. now owns 122 shares of the business services provider’s stock worth $39,000 after acquiring an additional 57 shares in the last quarter. Advantage Trust Co purchased a new position in Moody’s in the fourth quarter worth about $52,000. Turtle Creek Wealth Advisors LLC purchased a new position in Moody’s in the fourth quarter worth about $64,000. Cary Street Partners Investment Advisory LLC purchased a new position in Moody’s in the third quarter worth about $69,000. Finally, Spartan Planning & Wealth Management purchased a new position in Moody’s in the third quarter worth about $73,000. 92.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MCO. Stifel Nicolaus lifted their price target on Moody’s from $350.00 to $374.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Oppenheimer boosted their target price on Moody’s from $411.00 to $424.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Barclays upgraded Moody’s from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $375.00 to $450.00 in a research report on Tuesday, April 2nd. Finally, Robert W. Baird boosted their target price on Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $400.50.

Check Out Our Latest Analysis on Moody’s

Moody’s Stock Up 1.9 %

NYSE:MCO traded up $7.77 during trading hours on Wednesday, reaching $420.08. The company’s stock had a trading volume of 808,974 shares, compared to its average volume of 639,968. The company has a market capitalization of $76.71 billion, a P/E ratio of 45.86, a price-to-earnings-growth ratio of 3.30 and a beta of 1.27. Moody’s Co. has a 12 month low of $298.86 and a 12 month high of $420.86. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $395.24 and a two-hundred day moving average price of $389.14.

Moody’s (NYSE:MCOGet Free Report) last issued 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 revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 earnings per share. Equities analysts predict that Moody’s Co. will post 10.69 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, May 16th. Moody’s’s dividend payout ratio (DPR) is 37.12%.

Moody’s Company 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.

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

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