Advisors Asset Management Inc. Cuts Stock Holdings in Moody’s Co. (NYSE:MCO)

Advisors Asset Management Inc. lowered its position in Moody’s Co. (NYSE:MCOGet Rating) by 13.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,378 shares of the business services provider’s stock after selling 211 shares during the period. Advisors Asset Management Inc.’s holdings in Moody’s were worth $375,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC grew its position in Moody’s by 12.7% in the 2nd quarter. Lindbrook Capital LLC now owns 310 shares of the business services provider’s stock worth $84,000 after purchasing an additional 35 shares in the last quarter. Maple Capital Management Inc. boosted its stake in shares of Moody’s by 2.8% in the 1st quarter. Maple Capital Management Inc. now owns 1,345 shares of the business services provider’s stock worth $454,000 after buying an additional 36 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Moody’s by 1.0% in the first quarter. Lido Advisors LLC now owns 3,630 shares of the business services provider’s stock valued at $1,224,000 after acquiring an additional 36 shares in the last quarter. Allworth Financial LP increased its position in shares of Moody’s by 8.9% during the second quarter. Allworth Financial LP now owns 466 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 38 shares during the last quarter. Finally, Veriti Management LLC boosted its position in Moody’s by 2.5% in the second quarter. Veriti Management LLC now owns 1,701 shares of the business services provider’s stock worth $463,000 after purchasing an additional 41 shares during the last quarter. 91.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MCO. Raymond James lowered their target price on Moody’s from $303.00 to $284.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Stifel Nicolaus reduced their target price on shares of Moody’s from $259.00 to $235.00 and set a “hold” rating for the company in a research report on Wednesday, October 12th. BMO Capital Markets raised their price target on shares of Moody’s from $309.00 to $352.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Moody’s from $260.00 to $267.00 in a report on Wednesday, October 26th. Finally, Barclays lowered their target price on Moody’s from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 26th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $289.73.

Moody’s Price Performance

MCO opened at $292.33 on Friday. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.11 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average price of $263.08 and a 200-day moving average price of $280.84. Moody’s Co. has a twelve month low of $230.16 and a twelve month high of $403.73.

Moody’s (NYSE:MCOGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.31). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Moody’s had a net margin of 27.20% and a return on equity of 66.15%. Moody’s’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 EPS. Equities analysts expect that Moody’s Co. will post 8.46 EPS for the current year.

Moody’s Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Monday, October 31st. Investors of record on Thursday, October 27th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, October 26th. Moody’s’s dividend payout ratio is currently 33.41%.

Moody’s Company Profile

(Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

Recommended Stories

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:MCOGet Rating).

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

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.