Lmcg Investments LLC Sells 528 Shares of Moody’s Co. (NYSE:MCO)

Lmcg Investments LLC lessened its stake in Moody’s Co. (NYSE:MCO) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,048 shares of the business services provider’s stock after selling 528 shares during the quarter. Lmcg Investments LLC’s holdings in Moody’s were worth $2,390,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Haverford Trust Co raised its holdings in shares of Moody’s by 1.8% in the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 22 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock valued at $525,000 after acquiring an additional 23 shares during the last quarter. Okabena Investment Services Inc. boosted its stake in Moody’s by 0.8% in the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock valued at $1,313,000 after acquiring an additional 23 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Moody’s by 2.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 24 shares during the period. Finally, Adero Partners LLC increased its stake in shares of Moody’s by 3.8% during the 3rd quarter. Adero Partners LLC now owns 660 shares of the business services provider’s stock worth $313,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

MCO stock opened at $475.74 on Tuesday. The firm has a 50 day simple moving average of $480.37 and a two-hundred day simple moving average of $471.38. The stock has a market cap of $86.20 billion, a PE ratio of 43.45, a P/E/G ratio of 2.78 and a beta of 1.30. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) 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 company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 EPS. On average, analysts predict that Moody’s Co. will post 12.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCO has been the topic of several research analyst reports. Oppenheimer upped their price objective on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Citigroup initiated coverage on Moody’s in a research note on Friday, December 20th. They set a “buy” rating and a $565.00 price target for the company. Wells Fargo & Company boosted their price objective on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird upped their price objective on shares of Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price target on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $506.14.

Insiders Place Their Bets

In other Moody’s news, SVP Caroline Sullivan sold 1,681 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction 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 $654,296. This represents a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the sale, the chief executive officer now directly owns 61,354 shares of the company’s stock, valued at approximately $29,387,952.46. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,524 shares of company stock valued at $1,178,413 over the last quarter. 0.07% of the stock is owned by corporate insiders.

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.