Frontier Capital Management Co. LLC Reduces Holdings in Moody's Co. (MCO)

Frontier Capital Management Co. LLC cut its stake in shares of Moody's Co. (NYSE:MCO) by 5.4% during the 4th quarter, according to its most recent filing with the 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 approximately 0.19% of Moody's worth $52,247,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MCO. Vanguard Group Inc. increased its holdings in Moody's by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after purchasing an additional 463,669 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Moody's by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock valued at $713,898,000 after acquiring an additional 33,723 shares during the last quarter. Harris Associates L P increased its holdings in shares of Moody's by 8.5% in the 2nd quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock valued at $446,645,000 after acquiring an additional 288,906 shares during the last quarter. Capital International Investors increased its holdings in shares of Moody's by 1.0% in the 3rd quarter. Capital International Investors now owns 3,287,478 shares of the business services provider’s stock valued at $457,650,000 after acquiring an additional 31,978 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Moody's by 1.4% in the 2nd quarter. FMR LLC now owns 2,481,997 shares of the business services provider’s stock valued at $302,010,000 after acquiring an additional 33,600 shares during the last quarter. 87.16% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on MCO shares. Cantor Fitzgerald restated a “hold” rating and set a $148.00 price objective on shares of Moody's in a research note on Monday, November 6th. UBS Group upped their price objective on Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Credit Suisse Group upped their price objective on Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. BMO Capital Markets upped their price objective on Moody's from $143.00 to $146.00 and gave the stock a “market perform” rating in a research note on Monday, November 6th. Finally, Argus boosted their price target on Moody's to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $157.18.

In related news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the transaction, the director now directly owns 21,336 shares of the company’s stock, valued at $3,156,234.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Insiders have sold 5,005 shares of company stock worth $716,738 over the last ninety days. 1.17% of the stock is owned by insiders.

Shares of Moody's Co. (NYSE MCO) traded up $2.50 during trading on Friday, hitting $154.64. The stock had a trading volume of 2,309,643 shares, compared to its average volume of 802,432. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $29,551.71, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.36. Moody's Co. has a twelve month low of $107.26 and a twelve month high of $167.23.

Moody's (NYSE:MCO) last announced its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. equities research analysts expect that Moody's Co. will post 7.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, February 16th. 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 dividend yield of 1.14%. Moody's’s payout ratio is 29.51%.

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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.

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

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