Keybank National Association OH lifted its holdings in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,595 shares of the business services provider’s stock after acquiring an additional 1,319 shares during the quarter. Keybank National Association OH’s holdings in Moody’s were worth $6,945,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of MCO. Cromwell Holdings LLC boosted its stake in shares of Moody’s by 5.8% during the 4th quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock valued at $185,000 after buying an additional 20 shares during the last quarter. DeDora Capital Inc. increased its stake in shares of Moody’s by 1.5% in the fourth quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider’s stock worth $672,000 after buying an additional 20 shares during the last quarter. Carnegie Investment Counsel raised its holdings in Moody’s by 1.9% in the fourth quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 20 shares in the last quarter. Guyasuta Investment Advisors Inc. raised its holdings in Moody’s by 2.7% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 20 shares in the last quarter. Finally, EWA LLC boosted its stake in Moody’s by 4.4% during the 3rd quarter. EWA LLC now owns 501 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
Moody’s Trading Up 0.4%
NYSE MCO opened at $461.84 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16. Moody’s Corporation has a one year low of $402.28 and a one year high of $546.88. The company has a 50-day simple moving average of $448.16 and a 200-day simple moving average of $476.03. The firm has a market capitalization of $80.68 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45.
Moody’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 0.9%. Moody’s’s payout ratio is currently 29.53%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Wolfe Research reissued an “outperform” rating and issued a $535.00 target price on shares of Moody’s in a research report on Thursday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of Moody’s from $600.00 to $560.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Wall Street Zen downgraded Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings lowered Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Morgan Stanley cut their price objective on Moody’s from $526.00 to $489.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and an average target price of $544.29.
Get Our Latest Research Report on MCO
Insiders Place Their Bets
In other news, CEO Robert Fauber sold 5,213 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $456.71, for a total transaction of $2,380,829.23. Following the completion of the transaction, the chief executive officer owned 75,789 shares of the company’s stock, valued at approximately $34,613,594.19. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Richard G. Steele sold 375 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $456.71, for a total transaction of $171,266.25. Following the transaction, the senior vice president owned 2,459 shares of the company’s stock, valued at $1,123,049.89. This represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,222 shares of company stock valued at $3,786,732. 0.14% of the stock is owned by company insiders.
Moody’s Company Profile
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
Further Reading
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