Aperio Group LLC Boosts Position in Moody’s Co. (MCO)

Aperio Group LLC increased its position in shares of Moody’s Co. (NYSE:MCO) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,021 shares of the business services provider’s stock after buying an additional 7,748 shares during the quarter. Aperio Group LLC’s holdings in Moody’s were worth $15,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Moody’s by 2.2% during the 4th quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock worth $1,558,454,000 after buying an additional 228,277 shares during the period. Deutsche Bank AG raised its stake in Moody’s by 1.3% during the 4th quarter. Deutsche Bank AG now owns 2,029,070 shares of the business services provider’s stock worth $299,502,000 after buying an additional 25,570 shares during the period. Geode Capital Management LLC raised its stake in Moody’s by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 1,752,813 shares of the business services provider’s stock worth $258,187,000 after buying an additional 96,273 shares during the period. The Manufacturers Life Insurance Company raised its stake in Moody’s by 213.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 960,801 shares of the business services provider’s stock worth $141,824,000 after buying an additional 654,589 shares during the period. Finally, Boston Partners raised its stake in Moody’s by 18.4% during the 1st quarter. Boston Partners now owns 813,911 shares of the business services provider’s stock worth $131,284,000 after buying an additional 126,386 shares during the period. 88.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Moody’s opened at $172.52 on Friday, MarketBeat.com reports. The company has a market capitalization of $32.92 billion, a PE ratio of 28.42, a P/E/G ratio of 1.92 and a beta of 1.24. Moody’s Co. has a 52 week low of $113.35 and a 52 week high of $174.80. The company has a debt-to-equity ratio of 12.19, a current ratio of 1.47 and a quick ratio of 1.47.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Friday, April 27th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.80 by $0.22. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Moody’s had a negative return on equity of 1,599.12% and a net margin of 23.60%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. equities research analysts predict that Moody’s Co. will post 7.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 21st will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, May 18th. Moody’s’s payout ratio is 29.00%.

A number of research firms recently weighed in on MCO. BMO Capital Markets dropped their price target on Moody’s from $173.00 to $169.00 and set a “market perform” rating on the stock in a research note on Monday, April 30th. Zacks Investment Research downgraded Moody’s from a “buy” rating to a “hold” rating and set a $182.00 price target on the stock. in a research note on Wednesday, April 11th. Barclays upped their price target on Moody’s from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody’s in a research note on Friday, February 9th. Finally, Morgan Stanley increased their price objective on Moody’s from $168.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 12th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s currently has an average rating of “Hold” and a consensus price target of $171.25.

In related news, SVP Blair Worrall sold 5,862 shares of the stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $173.85, for a total transaction of $1,019,108.70. Following the completion of the sale, the senior vice president now directly owns 18,509 shares of the company’s stock, valued at $3,217,789.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Goggins sold 26,255 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $172.32, for a total value of $4,524,261.60. The disclosure for this sale can be found here. Insiders have sold 122,509 shares of company stock valued at $20,217,685 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Moody’s Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising 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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