Massmutual Trust Co. FSB ADV Acquires 72 Shares of Moody’s Co. (NYSE:MCO)

Massmutual Trust Co. FSB ADV raised its holdings in Moody’s Co. (NYSE:MCO) by 20.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416 shares of the business services provider’s stock after purchasing an additional 72 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Moody’s were worth $175,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its holdings in shares of Moody’s by 23.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 150 shares of the business services provider’s stock worth $59,000 after acquiring an additional 28 shares during the period. Strategic Advocates LLC lifted its holdings in shares of Moody’s by 1.6% during the 4th quarter. Strategic Advocates LLC now owns 1,890 shares of the business services provider’s stock worth $738,000 after acquiring an additional 30 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Moody’s by 7.0% during the 4th quarter. Manchester Capital Management LLC now owns 459 shares of the business services provider’s stock worth $179,000 after acquiring an additional 30 shares during the period. First Hawaiian Bank lifted its holdings in shares of Moody’s by 1.3% during the 1st quarter. First Hawaiian Bank now owns 2,375 shares of the business services provider’s stock worth $933,000 after acquiring an additional 30 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Moody’s by 10.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 305 shares of the business services provider’s stock worth $120,000 after acquiring an additional 30 shares during the period. Institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling

In other Moody’s news, insider Richard G. Steele 1,506 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MCO has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Moody’s from $405.00 to $414.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Royal Bank of Canada upped their price objective on shares of Moody’s from $450.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Moody’s from $443.00 to $454.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Bank of America upped their price target on shares of Moody’s from $430.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets cut shares of Moody’s from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $482.00 to $455.00 in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and a consensus price target of $448.50.

Moody’s Trading Down 4.4 %

Shares of MCO traded down $20.04 during trading hours on Monday, hitting $440.55. 1,326,143 shares of the stock were exchanged, compared to its average volume of 741,566. Moody’s Co. has a fifty-two week low of $298.86 and a fifty-two week high of $462.66. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.52 and a quick ratio of 1.52. The business has a 50-day moving average of $427.30 and a 200-day moving average of $402.20. The firm has a market capitalization of $80.22 billion, a P/E ratio of 48.17, a price-to-earnings-growth ratio of 2.87 and a beta of 1.28.

Moody’s (NYSE:MCO) last issued its earnings results on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.22. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.72 billion. Moody’s had a net margin of 28.34% and a return on equity of 57.03%. Moody’s’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 earnings per share. On average, research analysts expect that Moody’s Co. will post 11.34 EPS for the current year.

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, August 16th. Moody’s’s dividend payout ratio is presently 37.12%.

Moody’s Company Profile

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.