Little House Capital LLC Acquires New Position in Moody’s Co. (NYSE:MCO)

Little House Capital LLC bought a new stake in Moody’s Co. (NYSE:MCO) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,078 shares of the business services provider’s stock, valued at approximately $835,000.

A number of other institutional investors also recently modified their holdings of the business. Cornerstone Advisors Inc. increased its holdings in Moody’s by 13.7% in the third quarter. Cornerstone Advisors Inc. now owns 514 shares of the business services provider’s stock valued at $105,000 after buying an additional 62 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in Moody’s by 34.2% in the second quarter. Berman Capital Advisors LLC now owns 247 shares of the business services provider’s stock valued at $48,000 after buying an additional 63 shares in the last quarter. Gofen & Glossberg LLC IL increased its holdings in Moody’s by 4.1% in the third quarter. Gofen & Glossberg LLC IL now owns 1,655 shares of the business services provider’s stock valued at $339,000 after buying an additional 65 shares in the last quarter. Smithfield Trust Co. increased its holdings in Moody’s by 2.1% in the third quarter. Smithfield Trust Co. now owns 3,122 shares of the business services provider’s stock valued at $639,000 after buying an additional 65 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Moody’s by 6.5% during the 2nd quarter. Signaturefd LLC now owns 1,250 shares of the business services provider’s stock worth $244,000 after purchasing an additional 76 shares in the last quarter. 90.27% of the stock is owned by institutional investors.

In related news, insider Mark Almeida sold 27,236 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $207.06, for a total transaction of $5,639,486.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Moody’s to $230.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Morgan Stanley raised their price objective on shares of Moody’s from $176.00 to $181.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Barclays reissued a “buy” rating on shares of Moody’s in a research note on Sunday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of Moody’s from $214.00 to $228.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $208.91.

Shares of MCO traded down $0.13 during mid-day trading on Monday, reaching $218.00. 24,108 shares of the company’s stock were exchanged, compared to its average volume of 866,542. The company has a quick ratio of 1.71, a current ratio of 1.42 and a debt-to-equity ratio of 7.50. The company has a 50-day simple moving average of $212.98 and a two-hundred day simple moving average of $203.72. Moody’s Co. has a 52-week low of $129.26 and a 52-week high of $223.82. The company has a market cap of $40.23 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 2.61 and a beta of 1.24.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.16. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $1.69 earnings per share. Moody’s’s revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that Moody’s Co. will post 8.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.

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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