MetLife Investment Advisors LLC Reduces Stake in Moody’s Co. (MCO)

MetLife Investment Advisors LLC lessened its position in Moody’s Co. (NYSE:MCO) by 2.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 50,033 shares of the business services provider’s stock after selling 1,408 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Moody’s were worth $8,070,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCO. US Bancorp DE raised its stake in shares of Moody’s by 2.1% in the 4th quarter. US Bancorp DE now owns 22,337 shares of the business services provider’s stock worth $3,297,000 after buying an additional 451 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Moody’s by 74.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 29,727 shares of the business services provider’s stock worth $4,388,000 after purchasing an additional 12,659 shares during the period. New Mexico Educational Retirement Board raised its position in shares of Moody’s by 3.2% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,942 shares of the business services provider’s stock worth $2,353,000 after purchasing an additional 500 shares during the period. Sei Investments Co. raised its position in shares of Moody’s by 18.6% during the fourth quarter. Sei Investments Co. now owns 98,801 shares of the business services provider’s stock worth $14,585,000 after purchasing an additional 15,469 shares during the period. Finally, Hosking Partners LLP raised its position in shares of Moody’s by 7.8% during the fourth quarter. Hosking Partners LLP now owns 39,540 shares of the business services provider’s stock worth $5,836,000 after purchasing an additional 2,864 shares during the period. 88.16% of the stock is currently owned by institutional investors.

Moody’s opened at $176.87 on Thursday, MarketBeat reports. The firm has a market cap of $34.12 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Moody’s Co. has a 1-year low of $118.33 and a 1-year high of $179.84. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 12.19.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 21st were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, May 18th. Moody’s’s payout ratio is 29.00%.

In other Moody’s news, EVP John J. Goggins sold 26,254 shares of the business’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $172.55, for a total value of $4,530,127.70. Following the transaction, the executive vice president now owns 86,173 shares in the company, valued at $14,869,151.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raymond W. Mcdaniel sold 10,000 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $173.17, for a total value of $1,731,700.00. Following the completion of the transaction, the chief executive officer now owns 126,025 shares in the company, valued at approximately $21,823,749.25. The disclosure for this sale can be found here. Insiders have sold 114,086 shares of company stock worth $19,107,870 over the last three months. 1.00% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on MCO shares. TheStreet raised Moody’s from a “c+” rating to a “b” rating in a research report on Wednesday, May 2nd. ValuEngine raised Moody’s from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Nomura boosted their target price on Moody’s from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, April 25th. Argus boosted their target price on Moody’s to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on Moody’s from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, April 30th. Nine 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 company has an average rating of “Hold” and an average price target of $172.08.

Moody’s Company 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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