Mackenzie Financial Corp Sells 1,663 Shares of Moody's Co. (NYSE:MCO)

Mackenzie Financial Corp cut its position in shares of Moody's Co. (NYSE:MCO - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 139,908 shares of the business services provider's stock after selling 1,663 shares during the quarter. Mackenzie Financial Corp owned 0.08% of Moody's worth $66,228,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Moody's in the 4th quarter worth $41,000. Asset Planning Inc acquired a new position in shares of Moody's in the 4th quarter worth $42,000. Activest Wealth Management acquired a new position in shares of Moody's in the 4th quarter worth $47,000. Larson Financial Group LLC grew its holdings in shares of Moody's by 80.6% in the 4th quarter. Larson Financial Group LLC now owns 121 shares of the business services provider's stock worth $57,000 after acquiring an additional 54 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of Moody's in the 4th quarter worth $66,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Moody's

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

Moody's Stock Down 0.6%

Shares of NYSE:MCO traded down $2.72 on Wednesday, reaching $478.52. The company had a trading volume of 663,067 shares, compared to its average volume of 769,673. Moody's Co. has a twelve month low of $378.71 and a twelve month high of $531.93. The stock has a 50-day moving average price of $452.98 and a 200 day moving average price of $473.19. The stock has a market capitalization of $86.09 billion, a P/E ratio of 42.46, a P/E/G ratio of 2.87 and a beta of 1.40. The company has a quick ratio of 1.67, a current ratio of 1.47 and a debt-to-equity ratio of 1.81.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.25. The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.90 billion. Moody's had a return on equity of 58.94% and a net margin of 29.03%. On average, equities analysts expect that Moody's Co. will post 13.95 EPS for the current year.

Moody's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.79%. Moody's's payout ratio is presently 32.47%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird decreased their target price on Moody's from $575.00 to $525.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Mizuho started coverage on Moody's in a report on Wednesday, March 12th. They set a "neutral" rating and a $504.00 price target on the stock. Stifel Nicolaus lowered their price target on Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. William Blair reiterated an "outperform" rating on shares of Moody's in a report on Friday, February 14th. 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 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. According to MarketBeat.com, Moody's presently has a consensus rating of "Moderate Buy" and an average target price of $520.87.

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.