Keybank National Association OH Has $4.41 Million Stock Holdings in Moody’s Co. (NYSE:MCO)

Keybank National Association OH lifted its holdings in Moody’s Co. (NYSE:MCO) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,308 shares of the business services provider’s stock after purchasing an additional 132 shares during the quarter. Keybank National Association OH’s holdings in Moody’s were worth $4,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MCO. FMR LLC grew its position in shares of Moody’s by 12.3% in the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock valued at $3,123,294,000 after purchasing an additional 723,226 shares during the period. Proficio Capital Partners LLC grew its position in shares of Moody’s by 92,060.2% in the 4th quarter. Proficio Capital Partners LLC now owns 612,865 shares of the business services provider’s stock valued at $290,112,000 after purchasing an additional 612,200 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Moody’s by 32.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after purchasing an additional 502,891 shares during the period. Jennison Associates LLC lifted its stake in Moody’s by 22.6% in the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after acquiring an additional 430,878 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Moody’s by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after acquiring an additional 416,535 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Stock Up 0.2 %

MCO stock opened at $482.12 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.67 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $86.78 billion, a PE ratio of 42.78, a PEG ratio of 2.87 and a beta of 1.31. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $531.93. The business’s 50 day simple moving average is $490.19 and its 200 day simple moving average is $482.75.

Moody’s (NYSE:MCO) last posted its earnings results on Thursday, February 13th. The business services provider reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.70 billion. Moody’s had a return on equity of 58.94% and a net margin of 29.03%. As a group, research analysts anticipate that Moody’s Co. will post 13.95 EPS for the current year.

Moody’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.94 per share. The ex-dividend date is Tuesday, February 25th. This is a positive change from Moody’s’s previous quarterly dividend of $0.85. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.78%. Moody’s’s payout ratio is presently 33.36%.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $522.20, for a total value of $146,738.20. Following the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $32,321,046.80. This represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 1,124 shares of company stock valued at $552,193. 0.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MCO has been the topic of several research reports. StockNews.com cut Moody’s from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group boosted their target price on Moody’s from $510.00 to $540.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Stifel Nicolaus boosted their target price on Moody’s from $459.00 to $533.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Oppenheimer boosted their target price on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets boosted their target price on Moody’s from $481.00 to $531.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $528.77.

About 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.