Curi RMB Capital LLC Increases Stock Position in Moody’s Co. (NYSE:MCO)

Curi RMB Capital LLC raised its position in shares of Moody’s Co. (NYSE:MCO) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,289 shares of the business services provider’s stock after purchasing an additional 100 shares during the quarter. Curi RMB Capital LLC’s holdings in Moody’s were worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCO. PineStone Asset Management Inc. lifted its holdings in shares of Moody’s by 133.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,277,056 shares of the business services provider’s stock valued at $958,481,000 after acquiring an additional 1,303,434 shares during the last quarter. International Assets Investment Management LLC increased its stake in Moody’s by 74,000.1% during the third quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock worth $343,935,000 after acquiring an additional 723,721 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Moody’s during the second quarter valued at approximately $141,336,000. Wulff Hansen & CO. lifted its stake in shares of Moody’s by 41,992.9% in the 2nd quarter. Wulff Hansen & CO. now owns 279,918 shares of the business services provider’s stock valued at $117,826,000 after purchasing an additional 279,253 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Moody’s by 8.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,918,257 shares of the business services provider’s stock worth $1,228,382,000 after purchasing an additional 225,846 shares during the period. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the transaction, the senior vice president now directly owns 1,415 shares of the company’s stock, valued at approximately $654,296. The trade was a 54.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.07% of the stock is owned by company insiders.

Moody’s Price Performance

Shares of MCO stock opened at $473.31 on Friday. Moody’s Co. has a twelve month low of $352.17 and a twelve month high of $495.10. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The stock has a fifty day simple moving average of $473.97 and a two-hundred day simple moving average of $447.48. The stock has a market capitalization of $85.76 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 3.12 and a beta of 1.29.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.32. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $2.43 earnings per share. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts predict that Moody’s Co. will post 12.07 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 22nd. Moody’s’s dividend payout ratio (DPR) is 31.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group raised their price target on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on shares of Moody’s from $455.00 to $464.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Moody’s from $460.00 to $514.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI started coverage on Moody’s in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $521.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $500.00.

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.