Ballentine Partners LLC Increases Stock Holdings in Moody’s Co. (NYSE:MCO)

Ballentine Partners LLC raised its stake in Moody’s Co. (NYSE:MCO) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,238 shares of the business services provider’s stock after purchasing an additional 161 shares during the period. Ballentine Partners LLC’s holdings in Moody’s were worth $253,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in Moody’s in the second quarter valued at approximately $25,000. Capital Investment Advisory Services LLC grew its position in shares of Moody’s by 203.6% during the second quarter. Capital Investment Advisory Services LLC now owns 167 shares of the business services provider’s stock worth $34,000 after acquiring an additional 112 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Moody’s during the second quarter worth approximately $37,000. Private Capital Group LLC grew its position in shares of Moody’s by 138.9% during the second quarter. Private Capital Group LLC now owns 215 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Moody’s during the second quarter worth approximately $39,000. Institutional investors own 90.13% of the company’s stock.

Shares of MCO opened at $213.20 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 10.04. The firm has a market cap of $41.11 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. The company’s 50 day simple moving average is $212.43 and its 200-day simple moving average is $201.23. Moody’s Co. has a 12-month low of $129.26 and a 12-month high of $222.85.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.09. Moody’s had a return on equity of 266.42% and a net margin of 27.66%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $2.04 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Moody’s Co. will post 8.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. Moody’s’s dividend payout ratio is presently 27.06%.

In related news, insider Mark Almeida sold 27,236 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total transaction of $5,639,486.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Fauber sold 3,721 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $212.71, for a total value of $791,493.91. Following the sale, the insider now directly owns 48,382 shares of the company’s stock, valued at $10,291,335.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,457 shares of company stock valued at $8,027,655. Corporate insiders own 0.90% of the company’s stock.

A number of equities analysts have recently issued reports on MCO shares. JPMorgan Chase & Co. raised their target price on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. ValuEngine lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays restated a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. Stifel Nicolaus raised their target price on shares of Moody’s from $214.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, Argus raised their target price on shares of Moody’s to $240.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $204.09.

About Moody’s

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.

Featured Story: Understanding the different types of bonds

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).

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

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.