Frank Rimerman Advisors LLC Has $1.41 Million Holdings in Moody's Co. (NYSE:MCO)

Frank Rimerman Advisors LLC lessened its holdings in Moody's Co. (NYSE:MCO - Free Report) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,983 shares of the business services provider's stock after selling 1,316 shares during the period. Frank Rimerman Advisors LLC's holdings in Moody's were worth $1,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in shares of Moody's by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 49 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Moody's during the fourth quarter worth approximately $41,000. Asset Planning Inc bought a new position in shares of Moody's in the fourth quarter valued at approximately $42,000. Albion Financial Group UT acquired a new position in shares of Moody's in the 4th quarter worth approximately $45,000. Finally, Activest Wealth Management bought a new stake in Moody's during the 4th quarter worth approximately $47,000. Institutional investors own 92.11% of the company's stock.

Insider Activity at Moody's

In other Moody's news, CEO Robert Fauber sold 281 shares of Moody's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $473.62, for a total transaction of $133,087.22. Following the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,314,236.28. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 1,124 shares of company stock worth $552,193 in the last quarter. Corporate insiders own 0.14% of the company's stock.

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Moody's Trading Down 0.2 %

NYSE MCO traded down $0.74 on Thursday, reaching $459.57. The company had a trading volume of 778,074 shares, compared to its average volume of 705,744. The company has a quick ratio of 1.67, a current ratio of 1.47 and a debt-to-equity ratio of 1.81. Moody's Co. has a 52 week low of $360.05 and a 52 week high of $531.93. The stock has a market cap of $82.67 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.87 and a beta of 1.34. The stock's 50 day moving average is $485.69 and its 200-day moving average is $480.79.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.35. Moody's had a return on equity of 58.94% and a net margin of 29.03%. The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.70 billion. Equities analysts predict that Moody's Co. will post 13.95 earnings per share for the current year.

Moody's Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.82%. This is a boost from Moody's's previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, February 25th. Moody's's dividend payout ratio (DPR) is currently 33.36%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCO. Morgan Stanley lifted their price objective on Moody's from $481.00 to $508.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Mizuho assumed coverage on Moody's in a report on Wednesday, March 12th. They issued a "neutral" rating and a $504.00 price target for the company. UBS Group increased their price objective on shares of Moody's from $510.00 to $540.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Citigroup initiated coverage on shares of Moody's in a research note on Friday, December 20th. They issued a "buy" rating and a $565.00 target price for the company. Finally, Stifel Nicolaus increased their price target on shares of Moody's from $459.00 to $533.00 and gave the company a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $527.00.

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.