Bullish Options Activity on Moody’s Corporation Surges After Better Fundamentals

 Bullish Options Activity on Moody's Corporation Surges After Better Fundamentals

In today’s session Moody’s Corporation (MCO) registered an unusually high (337) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious MCO increase. With 337 contracts traded and 30554 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: MCO170519C00110000 closed last at: $3.05 or 4.1% up. About 183,205 shares traded hands. Moody’s Corporation (NYSE:MCO) has risen 1.41% since April 28, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

Analysts await Moody’s Corporation (NYSE:MCO) to report earnings on February, 3. They expect $1.13 EPS, up 3.67% or $0.04 from last year’s $1.09 per share. MCO’s profit will be $214.75M for 22.21 P/E if the $1.13 EPS becomes a reality. After $1.34 actual EPS reported by Moody’s Corporation for the previous quarter, Wall Street now forecasts -15.67% negative EPS growth.

Moody’s Corporation (NYSE:MCO) Ratings Coverage

Out of 8 analysts covering Moody’s (NYSE:MCO), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $125 is the highest target while $16 is the lowest. The $99.13 average target is -1.26% below today’s ($100.4) stock price. Moody’s has been the topic of 14 analyst reports since October 5, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of MCO in a report on Tuesday, August 23 with “Overweight” rating. FBR Capital downgraded the shares of MCO in a report on Monday, November 2 to “Mkt Perform” rating. Atlantic Securities initiated Moody’s Corporation (NYSE:MCO) rating on Wednesday, October 14. Atlantic Securities has “Neutral” rating and $115 price target. The firm has “Buy” rating given on Wednesday, August 17 by Argus Research. The firm earned “Buy” rating on Tuesday, November 17 by UBS. The firm has “Buy” rating given on Monday, October 5 by Argus Research. The firm has “Hold” rating by Evercore given on Thursday, January 7. Barclays Capital maintained Moody’s Corporation (NYSE:MCO) on Monday, February 8 with “Overweight” rating. Argus Research maintained Moody’s Corporation (NYSE:MCO) on Monday, February 22 with “Buy” rating. The firm has “Overweight” rating given on Monday, November 2 by Piper Jaffray.

According to Zacks Investment Research, “Moody’s Corporation is the parent company of Moody’s Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody’s KMV, a leading provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world’s largest financial institutions, Moody’s Economy.com, a provider of economic research and data services, and Moody’s Wall Street Analytics, a provider of software tools and analysis for the structured finance industry.”

Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.15, from 0.91 in 2016Q1. The ratio increased, as 41 funds sold all Moody’s Corporation shares owned while 170 reduced positions. 45 funds bought stakes while 147 increased positions. They now own 162.97 million shares or 6.06% less from 173.49 million shares in 2016Q1.
Panagora Asset Mngmt holds 0% or 9,385 shares in its portfolio. Sumitomo Mitsui Tru Holdg last reported 505,822 shares in the company. Korea Inv holds 0.02% of its portfolio in Moody’s Corporation (NYSE:MCO) for 39,700 shares. Delta Lloyd Nv last reported 16,319 shares in the company. Moreover, Caisse De Depot Et Placement Du Quebec has 0% invested in Moody’s Corporation (NYSE:MCO) for 13,122 shares. Ladenburg Thalmann Fin Service Inc accumulated 0.05% or 31,923 shares. Kings Point Cap Mngmt has 80,053 shares for 1.92% of their US portfolio. Gulf Intl State Bank (Uk) Ltd last reported 55,567 shares in the company. Redmond Asset Limited Company, a Virginia-based fund reported 4,730 shares. Advisory Services Net Ltd Liability, a Georgia-based fund reported 1,358 shares. Seven Eight Capital Ltd Liability Corporation reported 15,807 shares or 0.51% of all its holdings. Ferguson Wellman Capital Mngmt has 0.03% invested in the company for 8,800 shares. Westwood last reported 87,817 shares in the company. First Trust Limited Partnership reported 6,651 shares or 0% of all its holdings. California State Teachers Retirement Sys has 359,747 shares for 0.07% of their US portfolio.

Insider Transactions: Since June 30, 2016, the stock had 0 insider purchases, and 17 insider sales for $43.02 million net activity. Worrall Blair sold $1.14 million worth of stock or 11,054 shares. 625 Moody’s Corporation (NYSE:MCO) shares with value of $62,331 were sold by Fauber Robert. Duffie Darrell had sold 500 shares worth $54,185. 3,650 shares with value of $382,549 were sold by Westlake Lisa on Monday, August 8. 7,000 shares were sold by MCDANIEL RAYMOND W, worth $732,130. GOGGINS JOHN J also sold $2.53 million worth of Moody’s Corporation (NYSE:MCO) shares. Another trade for 88,094 shares valued at $9.13 million was made by Almeida Mark on Wednesday, August 10.

Moody’s Corporation is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The company has a market cap of $19.08 billion. It operates in two divisions: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). It has a 21.64 P/E ratio. The MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world.

MCO Company Profile

Moody’s Corporation (Moody’s), incorporated on June 2, 2000, is a well-known provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The Firm operates in two divisions: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment consists of the Company’s ratings operations. The Company’s MA segment develops a range of services and products that support financial analysis and risk management activities of institutional participants in financial markets.

More recent Moody’s Corporation (NYSE:MCO) news were published by: Businesswire.com which released: “Moody’s Corporation to Present at the Goldman Sachs Financial Services …” on November 28, 2016. Also Moodys.com published the news titled: “Moody’s: Declining corporate default rate will support US CLOs’ performance in …” on November 29, 2016. Nasdaq.com‘s news article titled: “Moody’s Corporation (MCO) Ex-Dividend Date Scheduled for November 17, 2016” with publication date: November 16, 2016 was also an interesting one.

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