Mn Services Vermogensbeheer B.V. Sells 1,100 Shares of Moody’s Co. (NYSE:MCO)

Mn Services Vermogensbeheer B.V. lessened its holdings in Moody’s Co. (NYSE:MCO) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 63,972 shares of the business services provider’s stock after selling 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Moody’s were worth $30,360,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Moody’s in the 1st quarter valued at about $27,000. Versant Capital Management Inc boosted its stake in Moody’s by 114.3% during the 2nd quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Moody’s during the 2nd quarter worth approximately $35,000. Asset Dedication LLC boosted its stake in Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after acquiring an additional 39 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Moody’s during the 1st quarter worth approximately $38,000. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Up 0.2 %

MCO stock traded up $0.78 during mid-day trading on Monday, reaching $457.14. The company had a trading volume of 50,007 shares, compared to its average volume of 735,621. The company has a market capitalization of $82.83 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 2.96 and a beta of 1.29. Moody’s Co. has a 52 week low of $329.72 and a 52 week high of $495.10. The stock has a 50 day simple moving average of $476.32 and a two-hundred day simple moving average of $441.84. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67.

Moody’s (NYSE:MCO) last released its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.32. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the business earned $2.43 earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. As a group, equities analysts predict that Moody’s Co. will post 12.06 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, November 22nd. This represents a $3.40 annualized dividend and a dividend yield of 0.74%. Moody’s’s dividend payout ratio is currently 31.05%.

Insider Buying and Selling

In other news, SVP Richard G. Steele sold 1,862 shares of Moody’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $455.43, for a total transaction of $848,010.66. Following the completion of the sale, the senior vice president now owns 1,040 shares of the company’s stock, valued at approximately $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Stephen T. Tulenko sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $464.06, for a total value of $232,030.00. Following the completion of the transaction, the insider now directly owns 6,647 shares in the company, valued at approximately $3,084,606.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard G. Steele sold 1,862 shares of Moody’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $455.43, for a total transaction of $848,010.66. Following the completion of the transaction, the senior vice president now directly owns 1,040 shares in the company, valued at $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,043 shares of company stock valued at $1,857,335. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Moody’s from $451.00 to $462.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Bank of America lifted their price objective on shares of Moody’s from $430.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. StockNews.com downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $500.00.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.