Neuburgh Advisers LLC Acquires 442 Shares of Moody’s Co. (NYSE:MCO)

Neuburgh Advisers LLC increased its holdings in shares of Moody’s Co. (NYSE:MCO) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,432 shares of the business services provider’s stock after acquiring an additional 442 shares during the quarter. Neuburgh Advisers LLC’s holdings in Moody’s were worth $1,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MCO. Vanguard Group Inc grew its holdings in Moody’s by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 16,870,550 shares of the business services provider’s stock worth $2,820,756,000 after acquiring an additional 55,968 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Moody’s during the 4th quarter worth about $120,000. Advisors Asset Management Inc. raised its position in shares of Moody’s by 30.2% during the 4th quarter. Advisors Asset Management Inc. now owns 2,101 shares of the business services provider’s stock worth $294,000 after buying an additional 487 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Moody’s by 3.3% during the 4th quarter. TD Asset Management Inc. now owns 49,109 shares of the business services provider’s stock worth $6,877,000 after buying an additional 1,586 shares in the last quarter. Finally, ETF Managers Group LLC raised its position in shares of Moody’s by 15.5% during the 4th quarter. ETF Managers Group LLC now owns 804 shares of the business services provider’s stock worth $113,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 92.81% of the company’s stock.

MCO stock opened at $191.55 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 17.70. The company has a market capitalization of $36.18 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. Moody’s Co. has a 12 month low of $129.26 and a 12 month high of $197.73.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, April 24th. The business services provider reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.19. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $2.02 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts predict that Moody’s Co. will post 7.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 20th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Friday, May 17th. Moody’s’s payout ratio is 27.06%.

In other news, insider Robert Fauber sold 460 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $184.85, for a total value of $85,031.00. Following the completion of the sale, the insider now directly owns 47,406 shares in the company, valued at $8,762,999.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Raymond W. Mcdaniel sold 55,422 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $182.23, for a total transaction of $10,099,551.06. Following the completion of the sale, the insider now owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The disclosure for this sale can be found here. Insiders sold 184,500 shares of company stock valued at $34,487,147 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on MCO. Morgan Stanley lifted their target price on shares of Moody’s from $145.00 to $150.00 and gave the stock an “underweight” rating in a research report on Tuesday. Wells Fargo & Co boosted their price objective on shares of Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. BMO Capital Markets boosted their price objective on shares of Moody’s from $189.00 to $194.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Cantor Fitzgerald boosted their target price on shares of Moody’s from $168.00 to $192.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, UBS Group boosted their target price on shares of Moody’s from $170.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $184.50.

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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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