Moody’s Co. (NYSE:MCO) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of Moody’s Co. (NYSE:MCO) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,125 shares of the business services provider’s stock after purchasing an additional 76 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Moody’s were worth $6,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MCO. Conning Inc. boosted its position in Moody’s by 3.0% during the second quarter. Conning Inc. now owns 778 shares of the business services provider’s stock worth $327,000 after acquiring an additional 23 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Moody’s by 1.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,357 shares of the business services provider’s stock worth $571,000 after purchasing an additional 24 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of Moody’s by 2.6% during the second quarter. Capital Advisors Ltd. LLC now owns 960 shares of the business services provider’s stock worth $404,000 after purchasing an additional 24 shares during the last quarter. Angeles Wealth Management LLC grew its position in shares of Moody’s by 0.7% in the second quarter. Angeles Wealth Management LLC now owns 3,871 shares of the business services provider’s stock valued at $1,629,000 after purchasing an additional 26 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in shares of Moody’s by 23.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 150 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Activity

In other news, SVP Richard G. Steele sold 1,862 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $455.43, for a total value of $848,010.66. Following the completion of the transaction, the senior vice president now directly owns 1,040 shares in the company, valued at $473,647.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Moody’s news, SVP Richard G. Steele sold 1,862 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $455.43, for a total value of $848,010.66. Following the transaction, the senior vice president now owns 1,040 shares in the company, valued at approximately $473,647.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen T. Tulenko sold 500 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $464.06, for a total transaction of $232,030.00. Following the completion of the transaction, the insider now directly owns 6,647 shares of the company’s stock, valued at $3,084,606.82. The disclosure for this sale can be found here. Insiders have sold 2,931 shares of company stock worth $1,332,825 over the last 90 days. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MCO. Wells Fargo & Company raised Moody’s to a “strong-buy” rating in a research note on Tuesday, August 13th. Stifel Nicolaus raised their target price on shares of Moody’s from $443.00 to $454.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on shares of Moody’s from $460.00 to $514.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Bank of America increased their price target on shares of Moody’s from $430.00 to $510.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, BMO Capital Markets cut shares of Moody’s from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $482.00 to $455.00 in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $477.08.

Moody’s Stock Performance

NYSE:MCO opened at $484.67 on Thursday. Moody’s Co. has a twelve month low of $298.86 and a twelve month high of $490.18. The firm has a market capitalization of $88.50 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 2.98 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. The firm’s fifty day simple moving average is $465.93 and its 200 day simple moving average is $422.32.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.22. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. As a group, equities research analysts expect that Moody’s Co. will post 11.36 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, August 16th. Moody’s’s dividend payout ratio (DPR) is 37.12%.

Moody’s 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.