Moody’s Co. (NYSE:MCO) Shares Purchased by Ycg LLC

Ycg LLC grew its position in Moody’s Co. (NYSE:MCO) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,698 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. Moody’s accounts for 6.3% of Ycg LLC’s portfolio, making the stock its 2nd largest holding. Ycg LLC owned about 0.10% of Moody’s worth $77,324,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new position in Moody’s in the 1st quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in shares of Moody’s during the first quarter valued at $27,000. Versant Capital Management Inc boosted its holdings in Moody’s by 114.3% in the second quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Rise Advisors LLC acquired a new stake in Moody’s in the first quarter worth about $35,000. Finally, EntryPoint Capital LLC bought a new stake in Moody’s during the 1st quarter worth about $38,000. Institutional investors own 92.11% of the company’s stock.

Insider Activity

In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction that occurred on 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 owns 8,147 shares in the company, valued at $3,619,386.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction on Monday, August 5th. The shares were 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 in the company, valued at $3,619,386.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 500 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $464.06, for a total transaction of $232,030.00. Following the sale, the insider now owns 6,647 shares of the company’s stock, valued at approximately $3,084,606.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is owned by company insiders.

Moody’s Stock Down 1.7 %

Shares of MCO stock traded down $8.41 on Friday, hitting $475.44. 689,097 shares of the stock were exchanged, compared to its average volume of 728,927. The business has a 50-day moving average of $457.61 and a 200 day moving average of $416.65. Moody’s Co. has a fifty-two week low of $298.86 and a fifty-two week high of $490.18. The firm has a market capitalization of $86.82 billion, a P/E ratio of 51.90, a price-to-earnings-growth ratio of 3.04 and a beta of 1.29. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59.

Moody’s (NYSE:MCO) last released its earnings results on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.22. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. Moody’s’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.30 earnings per share. Equities analysts anticipate that Moody’s Co. will post 11.35 EPS for the current year.

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.85 per share. The ex-dividend date was Friday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.72%. Moody’s’s dividend payout ratio is presently 37.12%.

Analyst Ratings Changes

MCO has been the subject of several analyst reports. Barclays lifted their price target on shares of Moody’s from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Oppenheimer increased their price target on Moody’s from $454.00 to $492.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. BMO Capital Markets downgraded Moody’s from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $482.00 to $455.00 in a report on Wednesday, July 24th. Finally, Morgan Stanley raised their target price on Moody’s from $420.00 to $451.00 and gave the stock an “equal weight” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $465.00.

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.