Mn Services Vermogensbeheer B.V. Sells 1,100 Shares of Moody's Co. (NYSE:MCO)

Mn Services Vermogensbeheer B.V. lowered its position in Moody's Co. (NYSE:MCO - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New Covenant Trust Company N.A. bought a new position in shares of Moody's in the first quarter worth approximately $27,000. Versant Capital Management Inc raised its position in shares of 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 buying an additional 40 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Moody's during the 2nd quarter worth $35,000. EntryPoint Capital LLC purchased a new position in Moody's in the first quarter worth $38,000. Finally, Asset Dedication LLC increased its stake in Moody's by 83.0% in the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider's stock valued at $41,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.

Insider Buying and Selling

In other news, SVP Richard G. Steele sold 1,862 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $455.43, for a total value of $848,010.66. Following the sale, the senior vice president now directly owns 1,040 shares of the company's stock, valued at $473,647.20. The trade was 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 related news, SVP Caroline Sullivan sold 1,681 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the transaction, the senior vice president now owns 1,415 shares in the company, valued at $654,296. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard G. Steele sold 1,862 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $455.43, for a total value of $848,010.66. Following the completion of the transaction, the senior vice president now owns 1,040 shares in the company, valued at approximately $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,043 shares of company stock valued at $1,857,335 over the last quarter. Corporate insiders own 0.07% of the company's stock.

Moody's Trading Up 0.4 %

Shares of NYSE:MCO traded up $2.05 on Monday, hitting $458.41. The company had a trading volume of 541,983 shares, compared to its average volume of 737,931. The firm's 50-day simple moving average is $475.89 and its two-hundred day simple moving average is $442.43. The firm has a market capitalization of $83.06 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.96 and a beta of 1.29. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. Moody's Co. has a 1 year low of $329.72 and a 1 year high of $495.10.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 57.97% and a net margin of 29.05%. The business's revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 EPS. Equities analysts anticipate that Moody's Co. will post 12.06 earnings per share for the current fiscal year.

Moody's Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.40 dividend on an annualized basis and a yield of 0.74%. Moody's's dividend payout ratio (DPR) is currently 31.05%.

Analyst Upgrades and Downgrades

MCO has been the topic of several recent research reports. Oppenheimer increased their price objective on Moody's from $536.00 to $543.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of Moody's from $460.00 to $514.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Evercore ISI initiated coverage on shares of Moody's in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $521.00 price objective for the company. StockNews.com cut shares of Moody's from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird upped their price target on shares of Moody's from $490.00 to $512.00 and gave the company an "outperform" 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $500.00.

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.