US Bancorp DE boosted its holdings in shares of Moody's Co. (NYSE:MCO - Free Report) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,704 shares of the business services provider's stock after acquiring an additional 1,312 shares during the quarter. US Bancorp DE's holdings in Moody's were worth $10,301,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in shares of Moody's in the first quarter worth about $27,000. Versant Capital Management Inc grew its stake in Moody's by 114.3% in the 2nd quarter. Versant Capital Management Inc now owns 75 shares of the business services provider's stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Moody's during the second quarter worth approximately $35,000. Asset Dedication LLC raised its stake in shares of Moody's by 83.0% during the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider's stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Moody's in the first quarter valued at approximately $38,000. Institutional investors own 92.11% of the company's stock.
In other news, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $444.26, for a total value of $252,783.94. Following the transaction, the insider now directly owns 8,147 shares of the company's stock, valued at approximately $3,619,386.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Caroline Sullivan sold 1,681 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the completion of the transaction, the senior vice president now directly owns 1,415 shares in the company, valued at $654,296. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $444.26, for a total value of $252,783.94. Following the sale, the insider now directly owns 8,147 shares in the company, valued at $3,619,386.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,612 shares of company stock worth $2,110,119 in the last 90 days. Insiders own 0.07% of the company's stock.
Shares of MCO stock opened at $456.36 on Friday. The stock's fifty day moving average price is $476.32 and its 200 day moving average price is $441.37. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody's Co. has a 1-year low of $317.54 and a 1-year high of $495.10. The company has a market cap of $82.69 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 2.99 and a beta of 1.29.
Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.32. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.71 billion. Moody's had a net margin of 29.05% and a return on equity of 57.97%. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.43 earnings per share. On average, research analysts expect that Moody's Co. will post 12.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 22nd. Moody's's payout ratio is 31.05%.
MCO has been the subject of a number of research analyst reports. Raymond James lowered Moody's from a "market perform" rating to an "underperform" rating in a research report on Monday, September 23rd. StockNews.com lowered shares of Moody's from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Moody's from $460.00 to $514.00 and gave the company a "neutral" rating in a research report on Tuesday, September 3rd. Robert W. Baird upped their price target on shares of Moody's from $490.00 to $512.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Moody's from $455.00 to $464.00 and gave the company a "market perform" rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Moody's has a consensus rating of "Hold" and an average target price of $500.00.
Get Our Latest Report on Moody's
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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