Marshall Wace LLP Takes Position in Moody’s Co. (MCO)

Marshall Wace LLP bought a new stake in Moody’s Co. (NYSE:MCO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 167,808 shares of the business services provider’s stock, valued at approximately $28,057,000. Marshall Wace LLP owned approximately 0.09% of Moody’s as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the business. Neuburgh Advisers LLC boosted its holdings in shares of Moody’s by 3.7% in the 2nd quarter. Neuburgh Advisers LLC now owns 8,636 shares of the business services provider’s stock valued at $1,473,000 after purchasing an additional 306 shares in the last quarter. Creative Planning lifted its stake in shares of Moody’s by 3.9% in the 3rd quarter. Creative Planning now owns 9,114 shares of the business services provider’s stock valued at $1,524,000 after acquiring an additional 342 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Moody’s by 6.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,883 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 343 shares during the last quarter. Smith Salley & Associates lifted its stake in shares of Moody’s by 18.4% in the 3rd quarter. Smith Salley & Associates now owns 2,221 shares of the business services provider’s stock valued at $371,000 after acquiring an additional 345 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Moody’s by 0.6% in the 2nd quarter. American International Group Inc. now owns 61,131 shares of the business services provider’s stock valued at $10,427,000 after acquiring an additional 346 shares during the last quarter. 87.76% of the stock is currently owned by hedge funds and other institutional investors.

MCO has been the subject of a number of research reports. William Blair reiterated a “buy” rating on shares of Moody’s in a research note on Sunday, August 12th. UBS Group dropped their price target on Moody’s from $192.00 to $189.00 and set a “neutral” rating for the company in a research note on Friday, September 21st. ValuEngine cut Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded Moody’s from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Finally, Morgan Stanley set a $171.00 price target on Moody’s and gave the company a “hold” rating in a research note on Thursday, October 11th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $177.33.

Shares of NYSE:MCO opened at $145.78 on Friday. The firm has a market cap of $28.71 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.80 and a beta of 1.22. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.38 and a quick ratio of 1.38. Moody’s Co. has a 12-month low of $139.11 and a 12-month high of $187.98.

Moody’s (NYSE:MCO) last announced its earnings results on Friday, October 26th. The business services provider reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.09). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.13 billion. Moody’s had a return on equity of 412.48% and a net margin of 23.85%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. Analysts expect that Moody’s Co. will post 7.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, November 20th. Moody’s’s dividend payout ratio is currently 29.00%.

In related news, SVP Blair Worrall sold 5,561 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $147.43, for a total transaction of $819,858.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by company insiders.

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Moody’s Company 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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