Ballentine Partners LLC Buys 275 Shares of Moody’s Co. (NYSE:MCO)

Ballentine Partners LLC grew its stake in Moody’s Co. (NYSE:MCOFree Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,606 shares of the business services provider’s stock after purchasing an additional 275 shares during the period. Ballentine Partners LLC’s holdings in Moody’s were worth $4,143,000 at the end of the most recent reporting period.

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

Moody’s Stock Up 0.3 %

NYSE MCO traded up $1.24 during midday trading on Wednesday, hitting $392.44. 620,641 shares of the company traded hands, compared to its average volume of 726,913. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $71.62 billion, a PE ratio of 44.97, a price-to-earnings-growth ratio of 3.15 and a beta of 1.27. The company’s 50-day simple moving average is $387.46 and its 200-day simple moving average is $364.39. Moody’s Co. has a 52 week low of $290.98 and a 52 week high of $407.62.

Moody’s (NYSE:MCOGet Free Report) last announced its earnings results on Tuesday, February 13th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.14). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Moody’s had a net margin of 27.16% and a return on equity of 55.23%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. As a group, equities research analysts forecast that Moody’s Co. will post 10.66 earnings per share for the current year.

Moody’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.85 dividend. This is a boost from Moody’s’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.87%. Moody’s’s dividend payout ratio (DPR) is presently 38.95%.

Wall Street Analyst Weigh In

MCO has been the topic of several recent analyst reports. Oppenheimer increased their price target on Moody’s from $411.00 to $424.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets reduced their price objective on Moody’s from $430.00 to $414.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. JPMorgan Chase & Co. reduced their price objective on Moody’s from $420.00 to $410.00 and set an “overweight” rating on the stock in a report on Wednesday, February 14th. Stifel Nicolaus reduced their price objective on Moody’s from $362.00 to $350.00 and set a “hold” rating on the stock in a report on Wednesday, February 14th. Finally, Robert W. Baird reduced their price objective on Moody’s from $425.00 to $405.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.75.

Read Our Latest Research Report on Moody’s

Insider Transactions at Moody’s

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

Moody’s 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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