Callan Family Office LLC Has $1.18 Million Stock Position in Moody's Corporation (NYSE:MCO)

Key Points

• Callan Family Office LLC reduced its stake in Moody's Corporation by 23.5%, now holding shares worth $1.18 million, after selling 782 shares in the first quarter.
• Moody's announced a quarterly dividend of $0.94 per share, with a 0.7% yield, scheduled for payment on September 5th to shareholders of record on August 15th.
• In its recent earnings report, Moody's exceeded expectations with $3.56 EPS and $1.90 billion in revenue, marking a 4.5% increase year-over-year.

Callan Family Office LLC decreased its stake in shares of Moody's Corporation (NYSE:MCO - Free Report) by 23.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,541 shares of the business services provider's stock after selling 782 shares during the quarter. Callan Family Office LLC's holdings in Moody's were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its holdings in Moody's by 0.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock valued at $1,690,000 after buying an additional 20 shares during the last quarter. Cornerstone Advisory LLC raised its holdings in Moody's by 2.2% in the 4th quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock valued at $598,000 after buying an additional 25 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in Moody's by 2.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,205 shares of the business services provider's stock valued at $561,000 after buying an additional 25 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Moody's by 5.8% in the 1st quarter. Catalyst Financial Partners LLC now owns 477 shares of the business services provider's stock valued at $222,000 after buying an additional 26 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Moody's by 5.7% in the 1st quarter. Harbour Investments Inc. now owns 482 shares of the business services provider's stock valued at $225,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company's stock.

Insider Transactions at Moody's

In other Moody's news, CFO Noemie Clemence Heuland sold 897 shares of Moody's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the transaction, the chief financial officer owned 2,148 shares in the company, valued at approximately $1,091,699.52. The trade was a 29.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael L. West sold 3,704 shares of Moody's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $511.10, for a total value of $1,893,114.40. Following the completion of the sale, the insider directly owned 8,209 shares of the company's stock, valued at $4,195,619.90. This trade represents a 31.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,593 shares of company stock valued at $4,382,984. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group boosted their target price on Moody's from $445.00 to $515.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Mizuho boosted their price target on shares of Moody's from $496.00 to $532.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Stifel Nicolaus lowered their price objective on Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Barclays upped their price target on Moody's from $520.00 to $580.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird lifted their price target on Moody's from $525.00 to $552.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Moody's has an average rating of "Moderate Buy" and an average target price of $538.80.

Moody's Stock Performance

MCO traded down $4.75 during trading on Friday, reaching $516.57. 410,186 shares of the company were exchanged, compared to its average volume of 794,055. The firm has a 50 day moving average of $498.69 and a 200 day moving average of $479.41. Moody's Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The stock has a market cap of $92.47 billion, a P/E ratio of 43.89, a PEG ratio of 3.34 and a beta of 1.40. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.70.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.17. Moody's had a return on equity of 60.73% and a net margin of 29.18%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business earned $3.28 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts forecast that Moody's Corporation will post 13.95 EPS for the current fiscal year.

Moody's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.94 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.7%. Moody's's payout ratio is 31.95%.

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.