PFG Advisors Reduces Holdings in Moody’s Co. (MCO)

PFG Advisors decreased its position in shares of Moody’s Co. (NYSE:MCO) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,370 shares of the business services provider’s stock after selling 250 shares during the quarter. PFG Advisors’ holdings in Moody’s were worth $466,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Cornerstone Advisors Inc. grew its holdings in shares of Moody’s by 16.5% during the first quarter. Cornerstone Advisors Inc. now owns 409 shares of the business services provider’s stock worth $74,000 after buying an additional 58 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Moody’s by 7.2% during the fourth quarter. Advisory Services Network LLC now owns 1,036 shares of the business services provider’s stock worth $145,000 after buying an additional 70 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Moody’s by 1.0% during the fourth quarter. Whittier Trust Co. now owns 9,309 shares of the business services provider’s stock worth $1,304,000 after buying an additional 88 shares during the last quarter. ETF Managers Group LLC grew its holdings in shares of Moody’s by 10.9% during the first quarter. ETF Managers Group LLC now owns 892 shares of the business services provider’s stock worth $162,000 after buying an additional 88 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in shares of Moody’s by 5.2% during the fourth quarter. Raymond James Trust N.A. now owns 1,927 shares of the business services provider’s stock worth $270,000 after buying an additional 96 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors.

Shares of NYSE:MCO 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 capitalization of $34.94 billion, a P/E ratio of 25.40, a PEG ratio of 2.25 and a beta of 1.30. Moody’s Co. has a 52 week low of $129.26 and a 52 week high of $197.73.

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

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

In related news, insider Richard Cantor sold 3,959 shares of Moody’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $184.04, for a total transaction of $728,614.36. Following the completion of the transaction, the insider now directly owns 47,406 shares in the company, valued at approximately $8,724,600.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Fauber sold 460 shares of Moody’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $184.85, for a total value of $85,031.00. Following the transaction, the insider now owns 47,406 shares of the company’s stock, valued at $8,762,999.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,224 shares of company stock valued at $32,121,975. Insiders own 0.90% of the company’s stock.

A number of equities analysts recently issued reports on MCO shares. ValuEngine raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets raised their price target on Moody’s to $172.00 and gave the stock a “market perform” rating in a report on Tuesday, February 19th. Cantor Fitzgerald restated a “hold” rating and issued a $145.00 price objective on shares of Moody’s in a research report on Friday, February 15th. Piper Jaffray Companies raised their price objective on shares of Moody’s from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Wells Fargo & Co raised their price objective on shares of Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. 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 company. The company currently has an average rating of “Hold” and an average target price of $183.00.

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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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