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

Concurrent Investment Advisors LLC grew its stake in shares of 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 Securities & Exchange Commission. The firm owned 3,282 shares of the business services provider's stock after buying an additional 2,440 shares during the period. Concurrent Investment Advisors LLC's holdings in Moody's were worth $1,528,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its position in Moody's by 0.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock valued at $1,690,000 after acquiring an additional 20 shares during the last quarter. Carson Advisory Inc. grew its position in Moody's by 2.9% during the fourth quarter. Carson Advisory Inc. now owns 741 shares of the business services provider's stock valued at $351,000 after acquiring an additional 21 shares during the last quarter. Summit Financial LLC grew its position in Moody's by 1.4% during the fourth quarter. Summit Financial LLC now owns 1,641 shares of the business services provider's stock valued at $777,000 after acquiring an additional 22 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Moody's by 1.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,471 shares of the business services provider's stock valued at $696,000 after acquiring an additional 25 shares during the last quarter. Finally, Cornerstone Advisory LLC grew its position in Moody's by 2.2% during the fourth quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock valued at $598,000 after acquiring an additional 25 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $181,687.00. Following the completion of the sale, the chief executive officer directly owned 62,690 shares in the company, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Oppenheimer increased their price objective on Moody's from $523.00 to $552.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group increased their price objective on Moody's from $445.00 to $515.00 and gave the company a "neutral" rating in a research note on Tuesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $550.00 price target on shares of Moody's in a report on Wednesday, June 4th. Barclays cut their price target on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, Bank of America initiated coverage on shares of Moody's in a report on Thursday, April 10th. They issued a "buy" rating and a $530.00 price target on the stock. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $519.07.

Moody's Stock Down 1.0%

Shares of MCO traded down $4.83 during trading hours on Friday, hitting $500.89. The company had a trading volume of 37,733 shares, compared to its average volume of 790,379. The firm has a fifty day moving average price of $482.98 and a 200-day moving average price of $473.55. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market capitalization of $90.11 billion, a price-to-earnings ratio of 43.27, a P/E/G ratio of 2.87 and a beta of 1.38. Moody's Corporation has a 52-week low of $378.71 and a 52-week high of $531.93.

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 (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.25. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. Moody's had a return on equity of 60.37% and a net margin of 29.15%. On average, equities research analysts forecast that Moody's Corporation will post 13.95 EPS for the current fiscal year.

Moody's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $0.94 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.76 annualized dividend and a yield of 0.75%. Moody's's payout ratio is 32.47%.

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.