Checchi Capital Advisers LLC lessened its stake in shares of Moody’s Co. (NYSE:MCO) by 13.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,148 shares of the business services provider’s stock after selling 176 shares during the period. Checchi Capital Advisers LLC’s holdings in Moody’s were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MCO. Princeton Global Asset Management LLC acquired a new position in shares of Moody’s during the 4th quarter valued at $26,000. Allred Capital Management LLC lifted its position in shares of Moody’s by 42.4% during the 1st quarter. Allred Capital Management LLC now owns 141 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Acadian Asset Management LLC acquired a new position in Moody’s during the fourth quarter worth $34,000. Orion Portfolio Solutions LLC acquired a new position in Moody’s during the fourth quarter worth $41,000. Finally, MBE Wealth Management LLC acquired a new position in Moody’s during the first quarter worth $44,000. Institutional investors own 91.99% of the company’s stock.

Shares of MCO stock traded down $2.56 on Friday, hitting $251.31. The stock had a trading volume of 2,691,216 shares, compared to its average volume of 1,172,241. The business has a 50 day moving average of $234.85 and a 200 day moving average of $236.96. The stock has a market cap of $46.97 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 3.08 and a beta of 1.17. The company has a debt-to-equity ratio of 8.47, a current ratio of 1.70 and a quick ratio of 1.70. Moody’s Co. has a 12-month low of $164.19 and a 12-month high of $287.25.

Moody’s (NYSE:MCO) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.20 billion. Moody’s had a net margin of 30.88% and a return on equity of 235.22%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.07 earnings per share. As a group, research analysts expect that Moody’s Co. will post 8.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.24 annualized dividend and a yield of 0.89%. Moody’s’s payout ratio is currently 27.02%.

Several research firms have weighed in on MCO. Wells Fargo & Co upped their price objective on shares of Moody’s from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Moody’s from $211.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Stifel Nicolaus upped their price objective on shares of Moody’s from $266.00 to $279.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. UBS Group upped their price objective on shares of Moody’s from $238.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Argus upped their price objective on shares of Moody’s from $245.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $260.80.

In related news, CEO Raymond W. Mcdaniel sold 42,905 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $222.18, for a total transaction of $9,532,632.90. Following the completion of the transaction, the chief executive officer now owns 286,151 shares in the company, valued at $63,577,029.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John J. Goggins sold 17,927 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $251.94, for a total transaction of $4,516,528.38. Following the transaction, the executive vice president now owns 63,718 shares of the company’s stock, valued at approximately $16,053,112.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,657 shares of company stock valued at $18,759,715. 0.79% of the stock is owned by company insiders.

Moody’s Company 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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