APG Asset Management N.V. cut its stake in Moody’s Co. (NYSE:MCO) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,413,935 shares of the business services provider’s stock after selling 88,400 shares during the period. APG Asset Management N.V.’s holdings in Moody’s were worth $295,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of MCO. Janney Montgomery Scott LLC lifted its holdings in Moody’s by 51.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,907 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 650 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Moody’s by 6.2% in the third quarter. Commonwealth Equity Services LLC now owns 5,883 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 343 shares during the last quarter. AXA lifted its holdings in Moody’s by 273.0% in the third quarter. AXA now owns 63,524 shares of the business services provider’s stock valued at $10,621,000 after acquiring an additional 46,495 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Moody’s by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 1,423,853 shares of the business services provider’s stock valued at $238,071,000 after acquiring an additional 9,246 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in Moody’s by 5.6% in the third quarter. American International Group Inc. now owns 64,546 shares of the business services provider’s stock valued at $10,792,000 after acquiring an additional 3,415 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

NYSE:MCO opened at $177.91 on Wednesday. The company has a debt-to-equity ratio of 7.96, a quick ratio of 1.61 and a current ratio of 1.61. Moody’s Co. has a 52 week low of $129.26 and a 52 week high of $187.98. The firm has a market cap of $33.59 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.15 and a beta of 1.28.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Friday, February 15th. The business services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.08). Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned $1.51 earnings per share. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. As a group, analysts anticipate that Moody’s Co. will post 7.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 25th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.12%. This is a boost from Moody’s’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 22nd. Moody’s’s dividend payout ratio is 27.06%.

In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $175.20, for a total transaction of $7,734,379.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

A number of research analysts recently commented on MCO shares. ValuEngine upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. Barclays reiterated a “buy” rating and issued a $175.00 price objective on shares of Moody’s in a report on Sunday, December 9th. Cantor Fitzgerald reiterated a “hold” rating and issued a $145.00 price objective on shares of Moody’s in a report on Friday, February 15th. BMO Capital Markets upped their price objective on Moody’s to $182.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th. Finally, UBS Group decreased their price objective on Moody’s from $156.00 to $154.00 and set a “neutral” rating on the stock in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $167.90.

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Moody’s 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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