Dfpg Investments Inc. purchased a new position in shares of Moody’s Co. (NYSE:MCO) in the fourth quarter, HoldingsChannel reports. The firm purchased 3,568 shares of the business services provider’s stock, valued at approximately $500,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCO. Vanguard Group Inc. boosted its holdings in Moody’s by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 16,870,550 shares of the business services provider’s stock valued at $2,820,756,000 after acquiring an additional 55,968 shares during the period. Rathbone Brothers plc boosted its holdings in Moody’s by 83.8% during the 3rd quarter. Rathbone Brothers plc now owns 12,272 shares of the business services provider’s stock valued at $2,052,000 after acquiring an additional 5,594 shares during the period. FMR LLC boosted its holdings in Moody’s by 5.8% during the 3rd quarter. FMR LLC now owns 2,565,124 shares of the business services provider’s stock valued at $428,888,000 after acquiring an additional 140,227 shares during the period. Capital International Inc. CA boosted its holdings in Moody’s by 41.9% during the 3rd quarter. Capital International Inc. CA now owns 24,084 shares of the business services provider’s stock valued at $4,027,000 after acquiring an additional 7,109 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in Moody’s by 107.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 7,272 shares of the business services provider’s stock valued at $1,240,000 after acquiring an additional 3,773 shares during the period. Institutional investors and hedge funds own 87.73% of the company’s stock.

MCO stock traded down $3.92 during mid-day trading on Tuesday, reaching $155.48. The company had a trading volume of 1,496,100 shares, compared to its average volume of 1,066,129. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a market capitalization of $30.54 billion, a P/E ratio of 25.61, a P/E/G ratio of 1.87 and a beta of 1.24. Moody’s Co. has a fifty-two week low of $129.26 and a fifty-two week high of $187.98.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, October 26th. The business services provider reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.09). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.13 billion. Moody’s had a net margin of 23.85% and a return on equity of 412.48%. Moody’s’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. On average, analysts expect that Moody’s Co. will post 7.49 EPS for the current year.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Moody’s from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. UBS Group lowered their target price on Moody’s from $156.00 to $154.00 and set a “neutral” rating for the company in a report on Tuesday, January 8th. Morgan Stanley cut Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 target price for the company. in a report on Tuesday, January 8th. Wells Fargo & Co lowered their target price on Moody’s from $172.00 to $170.00 and set a “market perform” rating for the company in a report on Tuesday, October 30th. Finally, Goldman Sachs Group assumed coverage on Moody’s in a report on Wednesday, November 14th. They set a “neutral” rating and a $165.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Moody’s has a consensus rating of “Hold” and a consensus price target of $171.42.

In other Moody’s news, SVP Blair Worrall sold 5,561 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $147.43, for a total value of $819,858.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

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About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).

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

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