Moodys Corp (MCO) Shareholder Allen Investment Management LLC Has Trimmed Its Stake

July 16, 2018 - By Matthew Richard

Moody's Corporation (NYSE:MCO) LogoInvestors sentiment decreased to 0.98 in 2018 Q1. Its down 0.37, from 1.35 in 2017Q4. It fall, as 37 investors sold MCO shares while 188 reduced holdings. 56 funds opened positions while 164 raised stakes. 159.76 million shares or 0.86% more from 158.40 million shares in 2017Q4 were reported. X Mgmt Ltd reported 4,597 shares or 0.01% of all its holdings. New Mexico-based New Mexico Educational Retirement Board has invested 0.1% in Moody's Corporation (NYSE:MCO). Highland Management Limited Liability Company holds 0.03% or 2,000 shares. Guggenheim Limited Liability Corporation stated it has 0.17% of its portfolio in Moody's Corporation (NYSE:MCO). Deutsche State Bank Ag has invested 0.21% in Moody's Corporation (NYSE:MCO). 770,604 are held by Legal & General Gp Public Limited Company. Gradient Investments reported 2 shares. Cibc Asset Management reported 48,247 shares. Fjarde Ap reported 49,737 shares stake. Caxton Associate Ltd Partnership holds 0.07% or 8,782 shares in its portfolio. Cornerstone Advsr stated it has 12,000 shares. Franklin Resources holds 0.05% or 556,025 shares. Jpmorgan Chase & Communication owns 365,973 shares for 0.01% of their portfolio. Triple Frond Prtnrs Ltd Liability reported 1.03M shares. Davis Capital Limited Liability Company stated it has 205,000 shares or 3.45% of all its holdings.

Since January 31, 2018, it had 0 insider buys, and 15 selling transactions for $34.87 million activity. The insider MCDANIEL RAYMOND W sold $1.73 million. Crimmins Michael S had sold 300 shares worth $49,811 on Thursday, March 1. Cantor Richard sold 4,344 shares worth $727,259. $4.52M worth of stock was sold by GOGGINS JOHN J on Wednesday, May 16. $808 worth of Moody's Corporation (NYSE:MCO) shares were sold by Fauber Robert. Huber Linda also sold $4.92 million worth of Moody's Corporation (NYSE:MCO) shares.

Allen Investment Management Llc decreased its stake in Moodys Corp (MCO) by 7.27% based on its latest 2018Q1 regulatory filing with the SEC. Allen Investment Management Llc sold 46,517 shares as the company’s stock rose 2.25% while stock markets declined. The hedge fund held 592,894 shares of the consumer services company at the end of 2018Q1, valued at $95.63 million, down from 639,411 at the end of the previous reported quarter. Allen Investment Management Llc who had been investing in Moodys Corp for a number of months, seems to be less bullish one the $35.00B market cap company. The stock increased 0.22% or $0.4 during the last trading session, reaching $182.36. About 193,672 shares traded. Moody's Corporation (NYSE:MCO) has risen 49.33% since July 16, 2017 and is uptrending. It has outperformed by 36.76% the S&P500.

Allen Investment Management Llc, which manages about $2.32 billion and $2.40 billion US Long portfolio, upped its stake in Fiserv Inc (NASDAQ:FISV) by 260,537 shares to 514,974 shares, valued at $36.72M in 2018Q1, according to the filing. It also increased its holding in Lowes Cos Inc (NYSE:LOW) by 57,318 shares in the quarter, for a total of 1.01 million shares, and has risen its stake in Comcast Corp New (NASDAQ:CMCSA).

Analysts await Moody's Corporation (NYSE:MCO) to report earnings on July, 20. They expect $1.86 EPS, up 23.18 % or $0.35 from last year’s $1.51 per share. MCO’s profit will be $356.94M for 24.51 P/E if the $1.86 EPS becomes a reality. After $2.02 actual EPS reported by Moody's Corporation for the previous quarter, Wall Street now forecasts -7.92 % negative EPS growth.

Moody's Corporation (NYSE:MCO) Ratings Coverage

Among 9 analysts covering Moody’s Corp (NYSE:MCO), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Moody’s Corp had 15 analyst reports since January 23, 2018 according to SRatingsIntel. The stock of Moody's Corporation (NYSE:MCO) has “Overweight” rating given on Monday, February 12 by Barclays Capital. On Wednesday, April 25 the stock rating was maintained by Nomura with “Buy”. As per Monday, February 12, the company rating was maintained by Cantor Fitzgerald. Stifel Nicolaus maintained Moody's Corporation (NYSE:MCO) rating on Friday, February 9. Stifel Nicolaus has “Hold” rating and $170.0 target. The rating was maintained by Piper Jaffray with “Hold” on Friday, February 9. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, April 30 report. Piper Jaffray maintained Moody's Corporation (NYSE:MCO) on Tuesday, January 23 with “Hold” rating. BMO Capital Markets maintained the shares of MCO in report on Friday, February 9 with “Hold” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, April 30 report. The firm earned “Market Perform” rating on Monday, February 12 by BMO Capital Markets.

Moody's Corporation (NYSE:MCO) Institutional Positions Chart

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