Moody's Corporation (NYSE:MCO) is Canoe Financial LP's 7th Largest Position

Canoe Financial LP boosted its stake in shares of Moody's Corporation (NYSE:MCO - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,042 shares of the business services provider's stock after buying an additional 26,418 shares during the quarter. Moody's accounts for about 3.4% of Canoe Financial LP's holdings, making the stock its 7th biggest holding. Canoe Financial LP owned approximately 0.25% of Moody's worth $209,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of MCO. Bank Pictet & Cie Europe AG boosted its stake in Moody's by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 73,335 shares of the business services provider's stock worth $34,715,000 after buying an additional 10,350 shares during the period. Allworth Financial LP boosted its stake in Moody's by 4.5% during the fourth quarter. Allworth Financial LP now owns 1,001 shares of the business services provider's stock worth $485,000 after buying an additional 43 shares during the period. Sanctuary Advisors LLC boosted its stake in Moody's by 2.8% during the fourth quarter. Sanctuary Advisors LLC now owns 8,335 shares of the business services provider's stock worth $4,161,000 after buying an additional 228 shares during the period. D.A. Davidson & CO. boosted its stake in Moody's by 11.3% during the fourth quarter. D.A. Davidson & CO. now owns 3,206 shares of the business services provider's stock worth $1,518,000 after buying an additional 326 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Moody's during the fourth quarter worth about $90,000. Hedge funds and other institutional investors own 92.11% of the company's stock.

Moody's Stock Down 0.1%

Shares of Moody's stock opened at $469.86 on Friday. Moody's Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. The company has a 50 day moving average of $466.06 and a 200 day moving average of $472.55. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $84.53 billion, a P/E 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 issued its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.58 by $0.25. Moody's had a net margin of 29.15% and a return on equity of 60.37%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. As a group, research analysts forecast that Moody's Corporation will post 13.95 EPS for the current fiscal year.

Moody's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued 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 0.80%. Moody's's payout ratio is currently 32.47%.

Insiders Place Their Bets

In other Moody's news, CEO Robert Fauber sold 415 shares of the firm's 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 now owns 62,690 shares of the company's stock, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Moody's from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. BMO Capital Markets lowered their price objective on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on shares of Moody's from $533.00 to $468.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Moody's from $585.00 to $495.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Mizuho assumed coverage on shares of Moody's in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $504.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $519.40.

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.

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