Moody’s Co. (NYSE:MCO) Shares Bought by M&T Bank Corp

M&T Bank Corp increased its stake in Moody’s Co. (NYSE:MCO) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,331 shares of the business services provider’s stock after acquiring an additional 341 shares during the period. M&T Bank Corp’s holdings in Moody’s were worth $6,959,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Moody’s by 2.6% during the first quarter. BlackRock Inc. now owns 11,203,890 shares of the business services provider’s stock worth $2,369,626,000 after buying an additional 286,170 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Moody’s by 1.7% during the first quarter. Geode Capital Management LLC now owns 2,693,717 shares of the business services provider’s stock worth $568,771,000 after buying an additional 44,779 shares in the last quarter. Windacre Partnership LLC boosted its holdings in Moody’s by 32.6% during the first quarter. Windacre Partnership LLC now owns 2,149,700 shares of the business services provider’s stock worth $454,662,000 after buying an additional 528,500 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd boosted its holdings in Moody’s by 1.9% during the first quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,939,102 shares of the business services provider’s stock worth $410,120,000 after buying an additional 35,994 shares in the last quarter. Finally, Capital World Investors boosted its holdings in Moody’s by 2.7% during the first quarter. Capital World Investors now owns 1,857,789 shares of the business services provider’s stock worth $392,929,000 after buying an additional 48,396 shares in the last quarter. Institutional investors and hedge funds own 90.27% of the company’s stock.

A number of brokerages recently weighed in on MCO. Oppenheimer began coverage on shares of Moody’s in a report on Monday, May 18th. They set an “outperform” rating and a $290.00 target price for the company. BMO Capital Markets raised their target price on shares of Moody’s from $285.00 to $298.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Credit Suisse Group restated a “buy” rating and issued a $330.00 price target on shares of Moody’s in a research report on Tuesday, July 28th. UBS Group upped their price target on shares of Moody’s from $344.00 to $358.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wells Fargo & Co upped their price target on shares of Moody’s from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $290.75.

MCO stock opened at $281.30 on Friday. Moody’s Co. has a 12-month low of $164.19 and a 12-month high of $296.66. The company has a quick ratio of 1.70, a current ratio of 2.10 and a debt-to-equity ratio of 9.17. The company has a market cap of $52.74 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 3.14 and a beta of 1.19. The company has a 50 day moving average of $281.46 and a two-hundred day moving average of $255.09.

Moody’s (NYSE:MCO) last released its earnings results on Thursday, July 30th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.55. Moody’s had a net margin of 33.38% and a return on equity of 204.46%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Moody’s Co. will post 9.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.56 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.24 dividend on an annualized basis and a yield of 0.80%. Moody’s’s payout ratio is 27.02%.

In other news, insider Stephen T. Tulenko sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $293.01, for a total transaction of $439,515.00. Following the transaction, the insider now owns 8,044 shares in the company, valued at approximately $2,356,972.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John J. Goggins sold 12,000 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $282.20, for a total transaction of $3,386,400.00. Following the transaction, the executive vice president now owns 30,118 shares in the company, valued at approximately $8,499,299.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,727 shares of company stock valued at $16,235,465. Insiders own 0.79% of the company’s stock.

Moody’s Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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