Envestnet Portfolio Solutions Inc. Purchases 678 Shares of Moody's Corporation (NYSE:MCO)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Moody's Corporation (NYSE:MCO - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,259 shares of the business services provider's stock after buying an additional 678 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Moody's were worth $3,381,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MCO. OFI Invest Asset Management purchased a new stake in Moody's during the fourth quarter valued at about $41,000. Larson Financial Group LLC lifted its holdings in Moody's by 80.6% during the fourth quarter. Larson Financial Group LLC now owns 121 shares of the business services provider's stock valued at $57,000 after purchasing an additional 54 shares during the last quarter. Mizuho Bank Ltd. purchased a new stake in Moody's during the fourth quarter valued at about $66,000. Vision Financial Markets LLC purchased a new stake in Moody's during the fourth quarter valued at about $67,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Moody's in the fourth quarter worth about $73,000. Institutional investors own 92.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MCO shares. Stifel Nicolaus lowered 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. Oppenheimer increased their price target on shares of Moody's from $489.00 to $523.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Barclays lowered 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. JPMorgan Chase & Co. lowered their price target on shares of Moody's from $585.00 to $495.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, BMO Capital Markets lowered their price target on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $519.40.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 415 shares of the business's stock in a transaction dated 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 now owns 62,690 shares of the company's stock, valued at $27,445,682. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

Moody's Trading Down 0.1%

Shares of MCO stock traded down $0.65 on Friday, hitting $469.86. 799,251 shares of the company's stock traded hands, compared to its average volume of 760,531. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.56 and a current ratio of 1.57. Moody's Corporation has a one year low of $378.71 and a one year high of $531.93. The company's fifty day simple moving average is $466.06 and its 200 day simple moving average is $472.25. The stock has a market capitalization of $84.53 billion, a price-to-earnings ratio of 40.57, a P/E/G ratio of 2.70 and a beta of 1.39.

Moody's (NYSE:MCO - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, beating analysts' consensus estimates of $3.58 by $0.25. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. Moody's had a net margin of 29.15% and a return on equity of 60.37%. Equities analysts forecast that Moody's Corporation will post 13.95 EPS for the current 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 paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, May 16th. Moody's's payout ratio is currently 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.