Virtu Financial LLC lessened its position in Moody’s Co. (NYSE:MCO) by 62.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,583 shares of the business services provider’s stock after selling 4,292 shares during the period. Virtu Financial LLC’s holdings in Moody’s were worth $468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. D.B. Root & Company LLC acquired a new stake in shares of Moody’s in the first quarter valued at about $561,000. Pacer Advisors Inc. bought a new stake in shares of Moody’s during the 1st quarter valued at about $2,507,000. Manning & Napier Group LLC bought a new stake in shares of Moody’s during the 1st quarter valued at about $106,236,000. TrimTabs Asset Management LLC boosted its position in shares of Moody’s by 5.0% during the 1st quarter. TrimTabs Asset Management LLC now owns 8,229 shares of the business services provider’s stock valued at $1,490,000 after purchasing an additional 392 shares in the last quarter. Finally, First American Trust FSB bought a new stake in shares of Moody’s during the 1st quarter valued at about $218,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. UBS Group upped their target price on Moody’s from $170.00 to $198.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Piper Jaffray Companies upped their target price on Moody’s from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Zacks Investment Research lowered Moody’s from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Cantor Fitzgerald restated a “hold” rating and set a $145.00 target price on shares of Moody’s in a research report on Friday, February 15th. Finally, BMO Capital Markets upped their target price on Moody’s to $182.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Moody’s presently has a consensus rating of “Hold” and an average price target of $174.60.

Shares of NYSE:MCO opened at $189.06 on Monday. The company has a market capitalization of $35.70 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.29 and a beta of 1.29. 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 $191.30.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Friday, February 15th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.08). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.14 billion. Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.51 EPS. Equities research analysts anticipate that Moody’s Co. will post 7.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 annualized dividend and a yield of 1.06%. Moody’s’s payout ratio is currently 27.06%.

In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $175.20, for a total value of $7,734,379.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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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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