Moody’s Co. (MCO) Position Lifted by TLP Group LLC

TLP Group LLC lifted its position in shares of Moody’s Co. (NYSE:MCO) by 123.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,827 shares of the business services provider’s stock after purchasing an additional 1,561 shares during the period. TLP Group LLC’s holdings in Moody’s were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCO. US Bancorp DE lifted its position in shares of Moody’s by 2.1% during the fourth quarter. US Bancorp DE now owns 22,337 shares of the business services provider’s stock valued at $3,297,000 after purchasing an additional 451 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Moody’s by 74.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 29,727 shares of the business services provider’s stock worth $4,388,000 after acquiring an additional 12,659 shares during the period. New Mexico Educational Retirement Board raised its position in Moody’s by 3.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,942 shares of the business services provider’s stock worth $2,353,000 after acquiring an additional 500 shares during the period. Sei Investments Co. raised its position in Moody’s by 18.6% in the fourth quarter. Sei Investments Co. now owns 98,801 shares of the business services provider’s stock worth $14,585,000 after acquiring an additional 15,469 shares during the period. Finally, Hosking Partners LLP raised its position in Moody’s by 7.8% in the fourth quarter. Hosking Partners LLP now owns 39,540 shares of the business services provider’s stock worth $5,836,000 after acquiring an additional 2,864 shares during the period. 88.16% of the stock is currently owned by institutional investors.

In other Moody’s news, insider Raymond W. Mcdaniel sold 45,215 shares of Moody’s stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $159.73, for a total transaction of $7,222,191.95. Following the completion of the sale, the insider now directly owns 149,011 shares in the company, valued at $23,801,527.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Raymond W. Mcdaniel sold 10,000 shares of Moody’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $173.17, for a total transaction of $1,731,700.00. Following the sale, the chief executive officer now owns 126,025 shares of the company’s stock, valued at $21,823,749.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,086 shares of company stock valued at $19,107,870. 1.00% of the stock is owned by corporate insiders.

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Moody’s to $179.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 30th. TheStreet raised shares of Moody’s from a “c+” rating to a “b” rating in a research report on Wednesday, May 2nd. ValuEngine raised shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Morgan Stanley lifted their price objective on shares of Moody’s from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, April 30th. Finally, Nomura lifted their price objective on shares of Moody’s from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $172.08.

Moody’s traded up $0.78, hitting $177.65, during mid-day trading on Thursday, MarketBeat.com reports. 894 shares of the stock traded hands, compared to its average volume of 770,910. The stock has a market cap of $34.12 billion, a P/E ratio of 29.23, a P/E/G ratio of 1.99 and a beta of 1.23. Moody’s Co. has a 12-month low of $118.33 and a 12-month high of $179.84. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 12.19.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Friday, April 27th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.80 by $0.22. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Moody’s had a net margin of 23.60% and a negative return on equity of 1,599.12%. Moody’s’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. equities analysts forecast that Moody’s Co. will post 7.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 21st were paid a dividend of $0.44 per share. The ex-dividend date was Friday, May 18th. This represents a $1.76 annualized dividend and a yield of 0.99%. Moody’s’s dividend payout ratio is currently 29.00%.

Moody’s Company Profile

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

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

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