OneDigital Investment Advisors LLC Decreases Holdings in Moody's Corporation (NYSE:MCO)

OneDigital Investment Advisors LLC lowered its position in shares of Moody's Corporation (NYSE:MCO - Free Report) by 42.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,376 shares of the business services provider's stock after selling 1,026 shares during the period. OneDigital Investment Advisors LLC's holdings in Moody's were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MCO. Wolff Wiese Magana LLC grew its stake in shares of Moody's by 1,000.0% during the first quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock worth $26,000 after buying an additional 50 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Moody's by 5,050.0% in the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after purchasing an additional 101 shares in the last quarter. Alpine Bank Wealth Management bought a new position in Moody's in the first quarter valued at about $49,000. Larson Financial Group LLC raised its position in Moody's by 80.6% in 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. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Moody's during the fourth quarter valued at about $66,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCO has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Moody's from $585.00 to $495.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. BMO Capital Markets cut 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. UBS Group boosted their price objective on shares of Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a research note on Tuesday. Robert W. Baird lowered their target price on Moody's from $575.00 to $525.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Mizuho assumed coverage on Moody's in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $504.00 price target on the stock. One 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 data from MarketBeat, Moody's currently has a consensus rating of "Moderate Buy" and an average price target of $519.07.

Moody's Stock Up 0.7%

NYSE MCO traded up $3.68 during mid-day trading on Thursday, hitting $505.90. The company's stock had a trading volume of 617,283 shares, compared to its average volume of 766,130. The firm has a market capitalization of $91.01 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 2.86 and a beta of 1.38. The company's 50 day simple moving average is $481.90 and its 200 day simple moving average is $473.33. 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 Corporation has a twelve month low of $378.71 and a twelve month high of $531.93.

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

Moody's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.76 annualized dividend and a dividend yield of 0.74%. Moody's's dividend payout ratio is currently 32.47%.

Insider Buying and Selling at Moody's

In related news, CEO Robert Fauber sold 415 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total transaction of $181,687.00. Following the completion of the sale, the chief executive officer directly owned 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

About Moody's

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.