Blue Trust Inc. Sells 759 Shares of Moody’s Co. (NYSE:MCO)

Blue Trust Inc. lowered its position in Moody’s Co. (NYSE:MCOFree Report) by 60.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505 shares of the business services provider’s stock after selling 759 shares during the period. Blue Trust Inc.’s holdings in Moody’s were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MCO. ST Germain D J Co. Inc. purchased a new position in shares of Moody’s during the second quarter worth approximately $45,000. Qube Research & Technologies Ltd purchased a new position in shares of Moody’s during the third quarter worth approximately $153,532,000. White Pine Capital LLC purchased a new position in shares of Moody’s during the third quarter worth approximately $244,000. Walter Public Investments Inc. increased its position in shares of Moody’s by 24.3% during the fourth quarter. Walter Public Investments Inc. now owns 37,072 shares of the business services provider’s stock worth $14,479,000 after acquiring an additional 7,250 shares during the period. Finally, Banco Santander S.A. increased its position in shares of Moody’s by 323.3% during the third quarter. Banco Santander S.A. now owns 44,048 shares of the business services provider’s stock worth $13,927,000 after acquiring an additional 33,642 shares during the period. Institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of Moody’s from $425.00 to $405.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Stifel Nicolaus cut their price objective on shares of Moody’s from $362.00 to $350.00 and set a “hold” rating on the stock in a report on Wednesday, February 14th. Barclays lifted their price objective on shares of Moody’s from $340.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and set a $450.00 price objective on shares of Moody’s in a report on Wednesday, February 14th. Finally, Wells Fargo & Company cut their price objective on shares of Moody’s from $455.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $390.42.

Check Out Our Latest Report on Moody’s

Insider Transactions at Moody’s

In other news, CEO Robert Fauber sold 2,547 shares of Moody’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $376.50, for a total transaction of $958,945.50. Following the completion of the sale, the chief executive officer now directly owns 54,099 shares in the company, valued at $20,368,273.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

Moody’s Price Performance

NYSE MCO opened at $393.89 on Tuesday. The firm’s fifty day simple moving average is $387.34 and its two-hundred day simple moving average is $363.72. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.01. Moody’s Co. has a 12-month low of $290.98 and a 12-month high of $407.62. The firm has a market capitalization of $71.88 billion, a P/E ratio of 45.12, a P/E/G ratio of 3.15 and a beta of 1.27.

Moody’s (NYSE:MCOGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The business services provider reported $2.19 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.14). Moody’s had a return on equity of 55.23% and a net margin of 27.16%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts forecast that Moody’s Co. will post 10.66 EPS for the current fiscal year.

Moody’s Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.85 per share. This is an increase from Moody’s’s previous quarterly dividend of $0.77. This represents a $3.40 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, February 22nd. Moody’s’s payout ratio is presently 38.95%.

Moody’s Company Profile

(Free Report)

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.

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

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