Public Employees Retirement Association of Colorado Has $6.50 Million Position in Moody’s Co. (NYSE:MCO)

Public Employees Retirement Association of Colorado cut its stake in shares of Moody’s Co. (NYSE:MCO) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,752 shares of the business services provider’s stock after selling 136 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Moody’s were worth $6,504,000 as of its most recent SEC filing.

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

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

MCO stock traded up $0.86 during trading on Tuesday, reaching $218.91. 178,598 shares of the stock were exchanged, compared to its average volume of 656,402. The firm’s 50 day moving average is $213.13 and its 200 day moving average is $204.02. Moody’s Co. has a twelve month low of $129.26 and a twelve month high of $223.82. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 7.50. The firm has a market cap of $41.18 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.67 and a beta of 1.24.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, November 20th. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.

A number of brokerages have recently issued reports on MCO. Stifel Nicolaus boosted their price objective on Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Argus boosted their price objective on Moody’s to $240.00 and gave the company a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets boosted their price objective on Moody’s to $230.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. William Blair reissued an “outperform” rating on shares of Moody’s in a research note on Thursday, October 31st. Finally, Morgan Stanley boosted their price objective on Moody’s from $176.00 to $181.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $208.91.

Moody’s Company 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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