Russell Investments Group Ltd. lowered its position in shares of Moody's Co. (NYSE:MCO) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,642,936 shares of the business services provider’s stock after selling 10,688 shares during the period. Moody's comprises about 0.4% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 29th biggest holding. Russell Investments Group Ltd.’s holdings in Moody's were worth $242,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Moody's by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock valued at $43,846,000 after buying an additional 3,364 shares during the period. CAPROCK Group Inc. bought a new position in Moody's in the 3rd quarter worth $336,000. Wells Fargo & Company MN raised its holdings in Moody's by 15.1% in the 3rd quarter. Wells Fargo & Company MN now owns 383,359 shares of the business services provider’s stock worth $53,367,000 after purchasing an additional 50,364 shares in the last quarter. Bredin Investment LLC bought a new position in Moody's in the 4th quarter worth $601,000. Finally, HighTower Advisors LLC raised its holdings in Moody's by 20.5% in the 2nd quarter. HighTower Advisors LLC now owns 10,300 shares of the business services provider’s stock worth $1,250,000 after purchasing an additional 1,749 shares in the last quarter. 87.16% of the stock is owned by institutional investors and hedge funds.

Shares of Moody's Co. (NYSE:MCO) opened at $157.55 on Wednesday. The firm has a market cap of $28,915.34, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. Moody's Co. has a 12 month low of $106.48 and a 12 month high of $167.23.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.44 per share. This is a positive change from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, February 16th. Moody's’s dividend payout ratio (DPR) is currently 54.29%.

Several research analysts have commented on the stock. Argus upped their price objective on shares of Moody's to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Cantor Fitzgerald restated a “hold” rating and issued a $148.00 price objective on shares of Moody's in a report on Monday, November 6th. BMO Capital Markets upped their price objective on shares of Moody's from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Monday, November 6th. Credit Suisse Group increased their price target on shares of Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Finally, Nomura began coverage on shares of Moody's in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $155.82.

In related news, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the completion of the transaction, the director now directly owns 21,336 shares in the company, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,005 shares of company stock valued at $716,738. 1.17% of the stock is owned by company insiders.

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Moody's Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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

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