Banco Santander S.A. Buys 52,798 Shares of Moody’s Co. (NYSE:MCO)

Banco Santander S.A. lifted its stake in Moody’s Co. (NYSE:MCO) by 727.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,060 shares of the business services provider’s stock after purchasing an additional 52,798 shares during the period. Banco Santander S.A.’s holdings in Moody’s were worth $12,703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Moody’s by 2.6% in the first quarter. BlackRock Inc. now owns 11,203,890 shares of the business services provider’s stock worth $2,369,626,000 after acquiring an additional 286,170 shares during the period. Fiera Capital Corp lifted its position in shares of Moody’s by 2.2% during the fourth quarter. Fiera Capital Corp now owns 6,567,850 shares of the business services provider’s stock valued at $1,559,273,000 after buying an additional 144,262 shares during the last quarter. FMR LLC lifted its position in shares of Moody’s by 1.7% during the fourth quarter. FMR LLC now owns 5,587,003 shares of the business services provider’s stock valued at $1,326,411,000 after buying an additional 95,131 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Moody’s by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 2,648,938 shares of the business services provider’s stock valued at $627,768,000 after buying an additional 129,385 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of Moody’s by 18.5% during the fourth quarter. Investec Asset Management LTD now owns 2,521,335 shares of the business services provider’s stock valued at $598,590,000 after buying an additional 393,988 shares during the last quarter. Hedge funds and other institutional investors own 90.99% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Wells Fargo & Co upped their price objective on shares of Moody’s from $210.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Stifel Nicolaus upped their price objective on shares of Moody’s from $266.00 to $279.00 and gave the company a “hold” rating in a report on Thursday, February 13th. Argus upped their price objective on shares of Moody’s from $245.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. BMO Capital Markets upped their price objective on shares of Moody’s from $248.00 to $285.00 in a report on Friday, May 1st. Finally, UBS Group upped their price objective on shares of Moody’s from $238.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $263.45.

In other news, EVP John J. Goggins sold 17,927 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $251.94, for a total transaction of $4,516,528.38. Following the sale, the executive vice president now owns 63,718 shares of the company’s stock, valued at approximately $16,053,112.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 625 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $264.22, for a total transaction of $165,137.50. Following the sale, the insider now directly owns 13,169 shares in the company, valued at approximately $3,479,513.18. The disclosure for this sale can be found here. Insiders have sold a total of 79,657 shares of company stock worth $18,759,715 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

NYSE:MCO traded up $3.05 during midday trading on Friday, hitting $256.82. The company’s stock had a trading volume of 384,505 shares, compared to its average volume of 1,028,918. Moody’s Co. has a fifty-two week low of $164.19 and a fifty-two week high of $287.25. The firm’s 50 day moving average is $240.37 and its 200-day moving average is $238.27. The company has a debt-to-equity ratio of 8.47, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $47.58 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.09 and a beta of 1.17.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.43. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Moody’s had a net margin of 30.88% and a return on equity of 235.22%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. As a group, analysts forecast that Moody’s Co. will post 8.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.87%. Moody’s’s payout ratio is 27.02%.

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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