Chevy Chase Trust Holdings LLC Has $40.55 Million Position in Moody's Corporation (NYSE:MCO)

Chevy Chase Trust Holdings LLC lowered its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,070 shares of the business services provider's stock after selling 1,333 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Moody's were worth $40,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MCO. Wolff Wiese Magana LLC increased its holdings in shares of Moody's by 1,000.0% in the first quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock valued at $26,000 after buying an additional 50 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Moody's in the 4th quarter worth $41,000. Larson Financial Group LLC raised its position in shares of Moody's by 80.6% during the fourth quarter. Larson Financial Group LLC now owns 121 shares of the business services provider's stock worth $57,000 after purchasing an additional 54 shares during the period. Mizuho Bank Ltd. purchased a new stake in shares of Moody's during the fourth quarter valued at $66,000. Finally, Vision Financial Markets LLC acquired a new position in shares of Moody's in the 4th quarter valued at $67,000. 92.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America assumed coverage on Moody's in a report on Thursday, April 10th. They set a "buy" rating and a $530.00 price objective on the stock. Wall Street Zen downgraded shares of Moody's from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Royal Bank Of Canada reiterated an "outperform" rating and set a $550.00 price objective on shares of Moody's in a research report on Wednesday, June 4th. BMO Capital Markets reduced their target price on Moody's from $475.00 to $456.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their price target on Moody's from $610.00 to $572.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $519.40.

Moody's Stock Performance

Shares of NYSE MCO traded up $1.06 during trading hours on Thursday, hitting $482.71. 832,308 shares of the stock were exchanged, compared to its average volume of 761,553. The firm has a market capitalization of $86.84 billion, a P/E ratio of 41.68, a P/E/G ratio of 2.81 and a beta of 1.39. Moody's Corporation has a one year low of $378.71 and a one year high of $531.93. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.57 and a quick ratio of 1.56. The company's 50 day moving average is $469.05 and its 200 day moving average is $472.30.

Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.25. Moody's had a return on equity of 60.37% and a net margin of 29.15%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. On average, research analysts expect that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were paid a $0.94 dividend. The ex-dividend date was Friday, May 16th. This represents a $3.76 annualized dividend and a dividend yield of 0.78%. Moody's's payout ratio is 32.47%.

Insider Transactions at Moody's

In related news, CEO Robert Fauber sold 415 shares of Moody's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total transaction of $181,687.00. Following the sale, the chief executive officer now directly owns 62,690 shares of the company's stock, valued at $27,445,682. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently 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.