Lake Street Advisors Group LLC Sells 163 Shares of Moody’s Co. (NYSE:MCO)

Lake Street Advisors Group LLC reduced its position in Moody’s Co. (NYSE:MCO) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,284 shares of the business services provider’s stock after selling 163 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Moody’s were worth $1,084,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MCO. Motco grew its holdings in Moody’s by 9,756.3% during the 1st quarter. Motco now owns 1,577 shares of the business services provider’s stock worth $620,000 after acquiring an additional 1,561 shares during the last quarter. SG Americas Securities LLC grew its holdings in Moody’s by 52.2% during the 2nd quarter. SG Americas Securities LLC now owns 35,264 shares of the business services provider’s stock worth $14,844,000 after acquiring an additional 12,099 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Moody’s by 8.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,650 shares of the business services provider’s stock worth $15,191,000 after acquiring an additional 3,169 shares during the last quarter. Forsta AP Fonden grew its holdings in Moody’s by 68.1% during the 1st quarter. Forsta AP Fonden now owns 52,600 shares of the business services provider’s stock worth $20,673,000 after acquiring an additional 21,300 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Moody’s by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,283,558 shares of the business services provider’s stock worth $5,613,867,000 after acquiring an additional 119,450 shares during the last quarter. 92.11% of the stock is owned by institutional investors.

Insider Buying and Selling at Moody’s

In other news, insider Stephen T. Tulenko sold 569 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the sale, the insider now owns 8,147 shares in the company, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Stephen T. Tulenko sold 500 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $464.06, for a total value of $232,030.00. Following the transaction, the insider now owns 6,647 shares in the company, valued at $3,084,606.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $444.26, for a total transaction of $252,783.94. Following the completion of the transaction, the insider now owns 8,147 shares in the company, valued at approximately $3,619,386.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is currently owned by company insiders.

Moody’s Stock Down 1.0 %

Shares of Moody’s stock opened at $462.41 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.52 and a current ratio of 1.52. Moody’s Co. has a 52-week low of $298.86 and a 52-week high of $495.10. The stock has a market capitalization of $84.44 billion, a price-to-earnings ratio of 50.48, a P/E/G ratio of 3.10 and a beta of 1.29. The company’s 50 day moving average price is $478.14 and its 200-day moving average price is $437.82.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.32. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.71 billion. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.43 EPS. Equities research analysts forecast that Moody’s Co. will post 11.46 EPS for the current year.

Moody’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, November 22nd. Moody’s’s payout ratio is currently 37.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of Moody’s from $455.00 to $464.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 15th. Oppenheimer increased their price target on shares of Moody’s from $536.00 to $543.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays upped their price objective on shares of Moody’s from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Robert W. Baird increased their price target on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday. One 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 data from MarketBeat.com, Moody’s currently has an average rating of “Hold” and a consensus price target of $500.00.

Moody’s 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.