Concurrent Investment Advisors LLC Buys 2,440 Shares of Moody's Corporation (NYSE:MCO)

Concurrent Investment Advisors LLC boosted its stake in Moody's Corporation (NYSE:MCO - Free Report) by 289.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,282 shares of the business services provider's stock after acquiring an additional 2,440 shares during the period. Concurrent Investment Advisors LLC's holdings in Moody's were worth $1,528,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Impax Asset Management Group plc purchased a new stake in shares of Moody's during the 1st quarter valued at approximately $641,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Moody's by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the business services provider's stock worth $245,000 after acquiring an additional 164 shares during the last quarter. SMART Wealth LLC bought a new position in shares of Moody's during the 1st quarter valued at about $383,000. IFM Investors Pty Ltd raised its stake in shares of Moody's by 10.0% during the first quarter. IFM Investors Pty Ltd now owns 32,090 shares of the business services provider's stock worth $15,230,000 after acquiring an additional 2,919 shares in the last quarter. Finally, Davidson Trust Co. purchased a new position in Moody's in the 1st quarter worth $764,000. Institutional investors own 92.11% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MCO. Robert W. Baird dropped their price objective on Moody's from $575.00 to $525.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus cut their price target on shares of Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on shares of Moody's from $572.00 to $573.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Barclays dropped their target price on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $550.00 price target on shares of Moody's in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Moody's currently has an average rating of "Moderate Buy" and an average target price of $519.07.

Insider Transactions at Moody's

In other news, CEO Robert Fauber sold 415 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $437.80, for a total transaction of $181,687.00. Following the sale, the chief executive officer owned 62,690 shares in the company, valued at $27,445,682. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company's stock.

Moody's Stock Up 0.6%

MCO traded up $3.12 during midday trading on Wednesday, reaching $502.14. The company's stock had a trading volume of 441,046 shares, compared to its average volume of 766,725. Moody's Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The stock's 50-day moving average is $480.92 and its 200-day moving average is $473.13. The firm has a market capitalization of $90.33 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 2.86 and a beta of 1.38. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.77.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, topping 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. As a group, research analysts expect that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $0.94 per share. The ex-dividend date was Friday, May 16th. This represents a $3.76 dividend on an annualized basis and a yield of 0.75%. Moody's's dividend payout ratio is currently 32.47%.

Moody's Company 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.