Fiduciary Group LLC Cuts Position in Moody’s Co. (MCO)

Fiduciary Group LLC reduced its position in Moody’s Co. (NYSE:MCO) by 1.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 63,333 shares of the business services provider’s stock after selling 993 shares during the period. Moody’s accounts for about 2.1% of Fiduciary Group LLC’s holdings, making the stock its 12th largest holding. Fiduciary Group LLC’s holdings in Moody’s were worth $11,469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Moody’s in the first quarter valued at about $1,108,000. Great West Life Assurance Co. Can raised its position in Moody’s by 35.8% in the first quarter. Great West Life Assurance Co. Can now owns 145,957 shares of the business services provider’s stock valued at $26,360,000 after purchasing an additional 38,460 shares during the period. Cedar Brook Financial Partners LLC purchased a new position in Moody’s in the first quarter valued at about $268,000. BP PLC purchased a new position in Moody’s in the first quarter valued at about $3,078,000. Finally, Greenleaf Trust purchased a new position in Moody’s in the first quarter valued at about $237,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the company. ValuEngine raised Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. BMO Capital Markets raised their target price on Moody’s to $182.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Wells Fargo & Co raised their target price on Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. UBS Group raised their target price on Moody’s from $170.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $145.00 target price on shares of Moody’s in a research note on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Moody’s has an average rating of “Hold” and a consensus price target of $183.00.

In related news, insider Robert Fauber sold 460 shares of Moody’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $186.52, for a total value of $85,799.20. Following the completion of the transaction, the insider now directly owns 46,026 shares in the company, valued at $8,584,769.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Melanie Hughes sold 3,039 shares of Moody’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $197.52, for a total value of $600,263.28. Following the completion of the transaction, the senior vice president now owns 3,912 shares of the company’s stock, valued at $772,698.24. The disclosure for this sale can be found here. Insiders sold 173,224 shares of company stock valued at $32,121,975 over the last quarter. Insiders own 0.90% of the company’s stock.

Shares of Moody’s stock opened at $187.71 on Wednesday. The company has a debt-to-equity ratio of 17.70, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $34.94 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.25 and a beta of 1.30. Moody’s Co. has a 1-year low of $129.26 and a 1-year high of $197.73.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, April 24th. The business services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.19. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Moody’s had a return on equity of 281.55% and a net margin of 29.38%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.02 earnings per share. On average, analysts predict that Moody’s Co. will post 7.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. Moody’s’s dividend payout ratio (DPR) is 27.06%.

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About Moody’s

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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