OneDigital Investment Advisors LLC Sells 246 Shares of Moody’s Co. (NYSE:MCO)

OneDigital Investment Advisors LLC lowered its holdings in shares of Moody’s Co. (NYSE:MCO) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,505 shares of the business services provider’s stock after selling 246 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Moody’s were worth $4,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MCO. New Covenant Trust Company N.A. purchased a new position in Moody’s during the first quarter worth $27,000. Planning Capital Management Corp boosted its stake in shares of Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares during the period. Versant Capital Management Inc grew its holdings 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 valued at $32,000 after purchasing an additional 40 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in Moody’s in the 2nd quarter worth about $35,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Moody’s in the third quarter worth about $36,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Moody’s

In other Moody’s news, SVP Caroline Sullivan sold 1,681 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the sale, the senior vice president now directly owns 1,415 shares in the company, valued at approximately $654,296. This trade represents a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. UBS Group upped their price objective on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on Moody’s from $450.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Raymond James downgraded Moody’s from a “market perform” rating to an “underperform” rating in a research report on Monday, September 23rd. Finally, StockNews.com downgraded Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $500.00.

Moody’s Trading Down 1.8 %

Shares of NYSE MCO opened at $473.36 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $85.77 billion, a P/E ratio of 43.23, a price-to-earnings-growth ratio of 3.12 and a beta of 1.29. Moody’s Co. has a 1-year low of $352.17 and a 1-year high of $495.10. The business has a fifty day moving average price of $474.02 and a 200 day moving average price of $446.79.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.32. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 EPS. Equities research analysts expect that Moody’s Co. will post 12.07 EPS for the current fiscal year.

Moody’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 22nd. Moody’s’s dividend payout ratio (DPR) is presently 31.05%.

About Moody’s

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.