OneDigital Investment Advisors LLC Sells 1,026 Shares of Moody's Corporation (NYSE:MCO)

OneDigital Investment Advisors LLC cut its holdings 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 13F filing 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.

A number of other large investors also recently added to or reduced their stakes in MCO. Bank Pictet & Cie Europe AG lifted its position in Moody's by 16.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 73,335 shares of the business services provider's stock valued at $34,715,000 after purchasing an additional 10,350 shares during the period. Assetmark Inc. lifted its position in Moody's by 20.0% during the 4th quarter. Assetmark Inc. now owns 2,487 shares of the business services provider's stock valued at $1,177,000 after purchasing an additional 415 shares during the period. Proficio Capital Partners LLC lifted its position in Moody's by 94.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,295 shares of the business services provider's stock valued at $613,000 after purchasing an additional 630 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Moody's during the 4th quarter valued at about $283,000. Finally, Larson Financial Group LLC lifted its position in Moody's by 80.6% during the 4th 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 period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Moody's

In other Moody's news, CEO Robert Fauber sold 415 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $437.80, for a total value of $181,687.00. Following the transaction, the chief executive officer directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCO has been the topic of a number of research reports. BMO Capital Markets cut their target price on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on shares of Moody's from $533.00 to $468.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley lifted their price objective on shares of Moody's from $493.00 to $498.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Barclays reduced their price objective on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $550.00 price objective on shares of Moody's in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $519.07.

Moody's Stock Down 1.2%

MCO traded down $6.30 during trading on Friday, reaching $499.42. 455,742 shares of the stock were exchanged, compared to its average volume of 766,094. The stock has a market cap of $89.85 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 2.86 and a beta of 1.38. Moody's Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The stock's 50 day moving average price is $483.66 and its two-hundred day moving average price is $473.63. 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 (NYSE:MCO - Get Free Report) last issued its 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. Moody's had a net margin of 29.15% and a return on equity of 60.37%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. Equities analysts expect that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Announces Dividend

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 $0.94 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.76 annualized dividend and a dividend yield of 0.75%. Moody's's dividend payout ratio is currently 32.47%.

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.