Moody’s Co. (NYSE:MCO) Shares Bought by First Hawaiian Bank

First Hawaiian Bank grew its stake in shares of Moody’s Co. (NYSE:MCO) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,375 shares of the business services provider’s stock after purchasing an additional 30 shares during the period. First Hawaiian Bank’s holdings in Moody’s were worth $933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. boosted its holdings in Moody’s by 87.7% during the third quarter. Raleigh Capital Management Inc. now owns 122 shares of the business services provider’s stock worth $39,000 after buying an additional 57 shares in the last quarter. Advantage Trust Co purchased a new stake in shares of Moody’s during the 4th quarter worth approximately $52,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Moody’s in the 4th quarter worth approximately $64,000. Tobam increased its stake in Moody’s by 2,010.0% in the 4th quarter. Tobam now owns 211 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 201 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Moody’s in the 3rd quarter valued at approximately $69,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on MCO shares. Oppenheimer upped their target price on Moody’s from $411.00 to $424.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Stifel Nicolaus increased their price objective on shares of Moody’s from $350.00 to $374.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird increased their price target on shares of Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Barclays raised shares of Moody’s from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $375.00 to $450.00 in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $400.50.

Moody’s Price Performance

Shares of NYSE:MCO opened at $422.71 on Friday. The company has a market cap of $77.19 billion, a P/E ratio of 46.15, a P/E/G ratio of 3.36 and a beta of 1.27. The business has a fifty day simple moving average of $396.73 and a 200-day simple moving average of $389.58. Moody’s Co. has a 52 week low of $298.86 and a 52 week high of $423.99. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.68.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.06 by $0.31. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Moody’s had a return on equity of 54.50% and a net margin of 27.01%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.99 EPS. Equities research analysts forecast that Moody’s Co. will post 10.69 EPS for the current year.

Moody’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, May 16th. Moody’s’s dividend payout ratio is currently 37.12%.

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.