Mn Services Vermogensbeheer B.V. Has $30.36 Million Holdings in Moody’s Co. (NYSE:MCO)

Mn Services Vermogensbeheer B.V. lowered its position in shares of Moody’s Co. (NYSE:MCO) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,972 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Moody’s were worth $30,360,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. PineStone Asset Management Inc. increased its stake 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 during the period. International Assets Investment Management LLC increased its stake in Moody’s by 74,000.1% in the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock valued at $343,935,000 after buying an additional 723,721 shares during the period. Manning & Napier Advisors LLC bought a new stake in Moody’s in the second quarter worth approximately $141,336,000. Wulff Hansen & CO. grew its position in Moody’s by 41,992.9% in the second quarter. Wulff Hansen & CO. now owns 279,918 shares of the business services provider’s stock worth $117,826,000 after acquiring an additional 279,253 shares in the last quarter. Finally, Allen Investment Management LLC grew its position in Moody’s by 39.7% in the first quarter. Allen Investment Management LLC now owns 895,050 shares of the business services provider’s stock worth $351,781,000 after acquiring an additional 254,178 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analysts Set New Price Targets

MCO has been the subject of several recent research reports. Bank of America boosted their target price on shares of Moody’s from $430.00 to $510.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. StockNews.com downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays boosted their target price on shares of Moody’s from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Stifel Nicolaus upped their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Moody’s from $450.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Moody’s has a consensus rating of “Hold” and an average target price of $500.00.

Moody’s Price Performance

Shares of MCO stock traded up $0.78 during mid-day trading on Monday, reaching $457.14. The company’s stock had a trading volume of 50,007 shares, compared to its average volume of 735,621. Moody’s Co. has a 1-year low of $329.72 and a 1-year high of $495.10. The company has a market cap of $82.83 billion, a P/E ratio of 41.69, a PEG ratio of 2.96 and a beta of 1.29. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The firm’s 50-day moving average is $476.32 and its two-hundred day moving average is $441.84.

Moody’s (NYSE:MCO) last announced 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. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the company posted $2.43 EPS. The business’s revenue was up 23.2% on a year-over-year basis. On average, research analysts predict that Moody’s Co. will post 12.06 earnings per share for the current year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 dividend yield of 0.74%. The ex-dividend date is Friday, November 22nd. Moody’s’s dividend payout ratio (DPR) is currently 31.05%.

Insider Buying and Selling

In related news, SVP Richard G. Steele sold 1,862 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $455.43, for a total transaction of $848,010.66. Following the completion of the sale, the senior vice president now owns 1,040 shares in the company, valued at $473,647.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Moody’s news, SVP Richard G. Steele sold 1,862 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $455.43, for a total transaction of $848,010.66. Following the sale, the senior vice president now owns 1,040 shares of the company’s stock, valued at $473,647.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen T. Tulenko sold 500 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $464.06, for a total transaction of $232,030.00. Following the sale, the insider now directly owns 6,647 shares in the company, valued at approximately $3,084,606.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,043 shares of company stock worth $1,857,335 in the last quarter. 0.07% of the stock is owned by corporate insiders.

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.