OxFORD Asset Management LLP Sells 953 Shares of Moody's Co. (MCO)
OxFORD Asset Management LLP decreased its stake in Moody's Co. (NYSE:MCO) by 5.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,064 shares of the business services provider’s stock after selling 953 shares during the quarter. OxFORD Asset Management LLP’s holdings in Moody's were worth $2,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of MCO. IFP Advisors Inc increased its position in Moody's by 78.1% during the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after purchasing an additional 502 shares during the period. Global X Management Co. LLC boosted its holdings in Moody's by 11.5% during the second quarter. Global X Management Co. LLC now owns 4,345 shares of the business services provider’s stock worth $529,000 after purchasing an additional 447 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Moody's by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 543,479 shares of the business services provider’s stock worth $66,131,000 after purchasing an additional 19,672 shares during the last quarter. First Trust Advisors LP lifted its stake in Moody's by 85.0% in the second quarter. First Trust Advisors LP now owns 39,030 shares of the business services provider’s stock valued at $4,749,000 after acquiring an additional 17,938 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Moody's by 31.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 20,431 shares of the business services provider’s stock valued at $2,553,000 after acquiring an additional 4,894 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.
Moody's Co. (NYSE:MCO) traded down $2.40 during trading hours on Thursday, hitting $150.17. 825,300 shares of the stock traded hands, compared to its average volume of 835,697. The company has a market cap of $29,148.48, a price-to-earnings ratio of 26.62, a P/E/G ratio of 2.70 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's Co. has a 12 month low of $93.51 and a 12 month high of $153.86.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Monday, November 20th. Moody's’s payout ratio is 54.29%.
MCO has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Moody's from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. UBS raised their price target on shares of Moody's from $138.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, August 18th. Credit Suisse Group restated a “neutral” rating and set a $137.00 price target (up previously from $131.00) on shares of Moody's in a report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and set a $136.00 price target (up previously from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Finally, Barclays raised their price target on shares of Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Moody's has a consensus rating of “Buy” and an average price target of $151.89.
In other Moody's news, Director Ewald Kist sold 4,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the transaction, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.
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Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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