BSW Wealth Partners Sells 29 Shares of Moody’s Co. (NYSE:MCO)

BSW Wealth Partners trimmed its holdings in Moody’s Co. (NYSE:MCO) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,023 shares of the business services provider’s stock after selling 29 shares during the period. BSW Wealth Partners’ holdings in Moody’s were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Moody’s by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 14,283,558 shares of the business services provider’s stock valued at $5,613,867,000 after acquiring an additional 119,450 shares during the period. Bank of New York Mellon Corp boosted its stake in Moody’s by 8.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,918,257 shares of the business services provider’s stock valued at $1,228,382,000 after purchasing an additional 225,846 shares during the period. PineStone Asset Management Inc. grew its holdings in Moody’s by 133.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,277,056 shares of the business services provider’s stock valued at $958,481,000 after buying an additional 1,303,434 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Moody’s by 1.2% during the second quarter. Ninety One UK Ltd now owns 1,980,021 shares of the business services provider’s stock worth $833,450,000 after buying an additional 24,107 shares in the last quarter. Finally, Windacre Partnership LLC boosted its position in shares of Moody’s by 11.1% in the first quarter. Windacre Partnership LLC now owns 1,746,000 shares of the business services provider’s stock valued at $686,230,000 after acquiring an additional 173,900 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In other Moody’s news, SVP Caroline Sullivan sold 1,681 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the transaction, the senior vice president now owns 1,415 shares in the company, valued at approximately $654,296. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $462.40, for a total value of $777,294.40. Following the sale, the senior vice president now directly owns 1,415 shares in the company, valued at approximately $654,296. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen T. Tulenko sold 500 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $464.06, for a total transaction of $232,030.00. Following the transaction, the insider now directly owns 6,647 shares of the company’s stock, valued at $3,084,606.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,043 shares of company stock valued at $1,857,335 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $456.36 on Monday. The stock has a 50-day moving average of $476.32 and a two-hundred day moving average of $441.84. The stock has a market cap of $82.69 billion, a P/E ratio of 41.68, a P/E/G ratio of 2.96 and a beta of 1.29. Moody’s Co. has a one year low of $317.54 and a one year high of $495.10. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.32. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company earned $2.43 EPS. As a group, research analysts predict that Moody’s Co. will post 12.06 EPS for the current year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.75%. Moody’s’s dividend payout ratio (DPR) is 31.05%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MCO shares. The Goldman Sachs Group upped their target price on Moody’s from $460.00 to $514.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Morgan Stanley upped their price target on Moody’s from $451.00 to $462.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price objective on shares of Moody’s from $455.00 to $464.00 and gave the company a “market perform” rating in a research note on Tuesday, October 15th. StockNews.com cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their target price on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Moody’s has an average rating of “Hold” and an average price target of $500.00.

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.