Carson Advisory Inc. Takes $289,000 Position in Moody’s Co. (NYSE:MCO)

Carson Advisory Inc. bought a new stake in Moody’s Co. (NYSE:MCOGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 740 shares of the business services provider’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brinker Capital Investments LLC grew its position in shares of Moody’s by 52.9% in the fourth quarter. Brinker Capital Investments LLC now owns 5,160 shares of the business services provider’s stock valued at $2,015,000 after purchasing an additional 1,785 shares during the last quarter. Westpac Banking Corp raised its stake in shares of Moody’s by 2.3% in the fourth quarter. Westpac Banking Corp now owns 17,272 shares of the business services provider’s stock valued at $6,746,000 after acquiring an additional 392 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Moody’s in the fourth quarter valued at approximately $6,525,000. Baker Tilly Wealth Management LLC raised its stake in shares of Moody’s by 12.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 800 shares of the business services provider’s stock valued at $312,000 after acquiring an additional 91 shares during the last quarter. Finally, Meitav Dash Investments Ltd. increased its holdings in shares of Moody’s by 458.7% in the fourth quarter. Meitav Dash Investments Ltd. now owns 17,656 shares of the business services provider’s stock valued at $6,959,000 after purchasing an additional 14,496 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

NYSE:MCO traded down $10.12 on Friday, reaching $316.48. 1,283,528 shares of the stock traded hands, compared to its average volume of 804,947. The company’s fifty day simple moving average is $326.94 and its 200 day simple moving average is $357.14. Moody’s Co. has a 12 month low of $299.68 and a 12 month high of $407.94. The company has a market capitalization of $58.67 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.44 and a beta of 1.21. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.54.

Moody’s (NYSE:MCOGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The business services provider reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.05). Moody’s had a net margin of 35.61% and a return on equity of 91.13%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the firm earned $1.91 EPS. Moody’s’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts anticipate that Moody’s Co. will post 11.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, February 25th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 24th. This is a boost from Moody’s’s previous quarterly dividend of $0.62. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.88%. Moody’s’s dividend payout ratio is presently 23.77%.

A number of analysts have commented on the stock. UBS Group lowered their target price on shares of Moody’s from $408.00 to $387.00 in a report on Friday, February 11th. Credit Suisse Group cut their price objective on shares of Moody’s from $415.00 to $395.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. Barclays cut their price target on shares of Moody’s from $450.00 to $400.00 and set an “overweight” rating on the stock in a research report on Friday, March 11th. StockNews.com initiated coverage on shares of Moody’s in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Robert W. Baird initiated coverage on shares of Moody’s in a report on Tuesday, March 8th. They issued an “outperform” rating and a $363.00 target price on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Moody’s has a consensus rating of “Buy” and a consensus price target of $396.54.

In other Moody’s news, CEO Robert Fauber sold 447 shares of the stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $343.98, for a total transaction of $153,759.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.

About Moody’s (Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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

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