Centaurus Financial Inc. Takes Position in Moody’s Co. (NYSE:MCO)

Centaurus Financial Inc. acquired a new stake in shares of Moody’s Co. (NYSE:MCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 377 shares of the business services provider’s stock, valued at approximately $137,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. grew its holdings in shares of Moody’s by 2.6% during the second quarter. Baillie Gifford & Co. now owns 5,525,511 shares of the business services provider’s stock valued at $2,002,280,000 after buying an additional 140,319 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Moody’s by 4.4% during the first quarter. Ninety One UK Ltd now owns 2,652,460 shares of the business services provider’s stock valued at $792,051,000 after buying an additional 112,665 shares during the last quarter. Veritas Asset Management LLP acquired a new position in shares of Moody’s during the first quarter valued at about $719,086,000. Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Moody’s by 2.8% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,805,803 shares of the business services provider’s stock valued at $654,369,000 after purchasing an additional 49,802 shares in the last quarter. Finally, Viking Global Investors LP lifted its position in shares of Moody’s by 4.3% during the first quarter. Viking Global Investors LP now owns 1,716,016 shares of the business services provider’s stock valued at $512,420,000 after purchasing an additional 70,596 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

In related news, CFO Mark Kaye sold 3,133 shares of the business’s stock in a transaction that occurred on Monday, August 16th. The shares were sold at an average price of $379.69, for a total transaction of $1,189,568.77. Following the completion of the transaction, the chief financial officer now owns 4,901 shares of the company’s stock, valued at $1,860,860.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert Fauber sold 447 shares of the business’s stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $362.50, for a total transaction of $162,037.50. The disclosure for this sale can be found here. In the last three months, insiders sold 6,266 shares of company stock worth $2,371,014. Insiders own 0.50% of the company’s stock.

NYSE MCO opened at $380.33 on Friday. The company’s 50 day moving average is $379.56 and its 200-day moving average is $343.85. Moody’s Co. has a 12-month low of $253.17 and a 12-month high of $388.81. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 2.67. The firm has a market cap of $70.82 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 3.23 and a beta of 1.15.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, July 28th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.46. Moody’s had a net margin of 36.11% and a return on equity of 111.33%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities analysts expect that Moody’s Co. will post 11.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 20th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, August 19th. Moody’s’s dividend payout ratio (DPR) is currently 24.43%.

A number of research analysts recently weighed in on MCO shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Moody’s from $325.00 to $375.00 and gave the company a “hold” rating in a research report on Thursday, July 29th. Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $395.00 price target on the stock in a research report on Tuesday, June 29th. Royal Bank of Canada started coverage on shares of Moody’s in a research report on Wednesday, July 7th. They set an “outperform” rating and a $409.00 price target on the stock. Raymond James raised their price target on shares of Moody’s from $394.00 to $406.00 and gave the company an “outperform” rating in a research report on Thursday, July 29th. Finally, Morgan Stanley lifted their price objective on shares of Moody’s from $344.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 29th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $386.64.

Moody’s Profile

Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the following segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities and commercial paper programs.

Further Reading: Earnings Reports

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).

Institutional Ownership by Quarter for Moody`s (NYSE:MCO)

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.