Moody's Co. (MCO) Stake Decreased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lowered its stake in Moody's Co. (NYSE:MCO) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 353,955 shares of the business services provider’s stock after selling 20,204 shares during the period. Frontier Capital Management Co. LLC owned 0.19% of Moody's worth $52,247,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Oakbrook Investments LLC acquired a new stake in shares of Moody's in the fourth quarter valued at approximately $2,012,000. Fox Run Management L.L.C. acquired a new stake in shares of Moody's in the fourth quarter valued at approximately $295,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Moody's by 2.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 581,481 shares of the business services provider’s stock valued at $85,833,000 after purchasing an additional 11,180 shares in the last quarter. Creative Planning increased its holdings in shares of Moody's by 5.1% in the fourth quarter. Creative Planning now owns 9,162 shares of the business services provider’s stock valued at $1,352,000 after purchasing an additional 444 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Moody's by 6.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 61,333 shares of the business services provider’s stock valued at $9,053,000 after purchasing an additional 3,800 shares in the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.

MCO has been the subject of a number of research reports. Nomura initiated coverage on shares of Moody's in a report on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target for the company. Argus raised their price target on shares of Moody's to $165.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Morgan Stanley reissued an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Moody's in a report on Friday, October 6th. Stifel Nicolaus initiated coverage on shares of Moody's in a report on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target for the company. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 price target on shares of Moody's in a report on Wednesday, November 29th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $155.82.

In other news, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ewald Kist sold 4,000 shares of Moody's stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,000 shares of company stock worth $715,930. Insiders own 1.17% of the company’s stock.

Moody's Co. (NYSE MCO) opened at $159.18 on Friday. Moody's Co. has a 52 week low of $98.25 and a 52 week high of $160.13. The stock has a market cap of $30,113.54, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.55 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57.

Moody's (NYSE:MCO) last announced its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. During the same period last year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. equities research analysts predict that Moody's Co. will post 5.96 EPS for the current year.

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About Moody's

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.

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

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