BB&T Securities LLC Takes Position in Moody’s Co. (MCO)

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BB&T Securities LLC bought a new position in shares of Moody’s Co. (NYSE:MCO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,542 shares of the business services provider’s stock, valued at approximately $248,000.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Moody’s by 3.5% during the 1st quarter. BlackRock Inc. now owns 10,928,167 shares of the business services provider’s stock worth $1,762,712,000 after buying an additional 370,256 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Moody’s by 1.3% during the 4th quarter. Deutsche Bank AG now owns 2,029,070 shares of the business services provider’s stock worth $299,502,000 after buying an additional 25,570 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Moody’s by 11.7% during the 1st quarter. Russell Investments Group Ltd. now owns 1,835,803 shares of the business services provider’s stock worth $295,231,000 after buying an additional 192,867 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Moody’s by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 1,752,813 shares of the business services provider’s stock worth $258,187,000 after buying an additional 96,273 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Moody’s by 18.4% during the 1st quarter. Boston Partners now owns 813,911 shares of the business services provider’s stock worth $131,284,000 after buying an additional 126,386 shares in the last quarter. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Blair Worrall sold 5,862 shares of Moody’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $173.85, for a total value of $1,019,108.70. Following the completion of the transaction, the senior vice president now directly owns 18,509 shares in the company, valued at approximately $3,217,789.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Raymond W. Mcdaniel sold 45,215 shares of Moody’s stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $159.73, for a total transaction of $7,222,191.95. Following the completion of the transaction, the insider now owns 149,011 shares of the company’s stock, valued at $23,801,527.03. The disclosure for this sale can be found here. Insiders sold a total of 124,086 shares of company stock valued at $20,869,470 over the last quarter. 1.00% of the stock is owned by company insiders.

Several research firms have commented on MCO. BMO Capital Markets lifted their target price on shares of Moody’s to $179.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 30th. ValuEngine raised shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Morgan Stanley lifted their target price on shares of Moody’s from $172.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Monday, April 30th. Finally, TheStreet upgraded shares of Moody’s from a “c+” rating to a “b” rating in a research note on Wednesday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $172.08.

Shares of MCO stock opened at $169.60 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 12.19. Moody’s Co. has a 12-month low of $119.78 and a 12-month high of $179.84. The company has a market cap of $33.09 billion, a PE ratio of 27.94, a P/E/G ratio of 1.93 and a beta of 1.23.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Friday, April 27th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.22. Moody’s had a net margin of 23.60% and a negative return on equity of 1,599.12%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $1.50 EPS. Moody’s’s revenue was up 15.5% compared to the same quarter last year. equities analysts forecast that Moody’s Co. will post 7.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 21st were paid a $0.44 dividend. The ex-dividend date was Friday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 1.04%. Moody’s’s dividend payout ratio is 29.00%.

Moody’s 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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