Fishman Jay A Ltd. MI cut its stake in shares of Moody’s Co. (NYSE:MCO) by 16.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,100 shares of the business services provider’s stock after selling 400 shares during the period. Fishman Jay A Ltd. MI’s holdings in Moody’s were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in Moody’s during the 2nd quarter valued at $25,000. Venturi Wealth Management LLC acquired a new position in Moody’s during the 3rd quarter valued at $25,000. Capital Investment Advisory Services LLC raised its stake in Moody’s by 203.6% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 112 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Moody’s during the 2nd quarter valued at $37,000. Finally, Private Capital Group LLC raised its stake in Moody’s by 138.9% during the 2nd quarter. Private Capital Group LLC now owns 215 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. 90.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MCO stock traded down $0.14 during mid-day trading on Friday, reaching $218.13. The company’s stock had a trading volume of 449,098 shares, compared to its average volume of 866,542. Moody’s Co. has a 1-year low of $129.26 and a 1-year high of $223.82. The company has a market cap of $40.23 billion, a P/E ratio of 29.52, a PEG ratio of 2.61 and a beta of 1.24. The company has a debt-to-equity ratio of 7.50, a quick ratio of 1.71 and a current ratio of 1.42. The firm’s 50-day moving average is $212.98 and its two-hundred day moving average is $203.72.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company posted $1.69 EPS. The business’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts anticipate that Moody’s Co. will post 8.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Moody’s’s payout ratio is 27.06%.

In other news, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $212.71, for a total value of $791,493.91. Following the sale, the insider now owns 48,382 shares of the company’s stock, valued at approximately $10,291,335.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Almeida sold 27,236 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total transaction of $5,639,486.16. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on MCO shares. ValuEngine cut shares of Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley upped their target price on shares of Moody’s from $176.00 to $181.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. UBS Group upped their target price on shares of Moody’s from $245.00 to $257.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of Moody’s from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus increased their price objective on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Moody’s currently has a consensus rating of “Hold” and an average target price of $208.91.

Moody’s Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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