Texas Bank & Trust Co Acquires Shares of 1,000 Moody's Co. (NYSE:MCO)

Texas Bank & Trust Co acquired a new stake in Moody's Co. (NYSE:MCO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,000 shares of the business services provider's stock, valued at approximately $473,000.

Other hedge funds also recently modified their holdings of the company. Carson Advisory Inc. lifted its holdings in Moody's by 2.9% during the fourth quarter. Carson Advisory Inc. now owns 741 shares of the business services provider's stock valued at $351,000 after purchasing an additional 21 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in Moody's by 0.8% during the fourth quarter. Avitas Wealth Management LLC now owns 2,803 shares of the business services provider's stock valued at $1,327,000 after purchasing an additional 22 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in Moody's by 5.1% during the fourth quarter. Catalyst Financial Partners LLC now owns 451 shares of the business services provider's stock valued at $213,000 after purchasing an additional 22 shares during the last quarter. Summit Financial LLC increased its position in shares of Moody's by 1.4% during the fourth quarter. Summit Financial LLC now owns 1,641 shares of the business services provider's stock valued at $777,000 after buying an additional 22 shares during the period. Finally, McGlone Suttner Wealth Management Inc. increased its position in shares of Moody's by 3.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider's stock valued at $353,000 after buying an additional 23 shares during the period. Institutional investors own 92.11% of the company's stock.

Moody's Trading Down 2.9%

MCO stock traded down $14.29 on Wednesday, reaching $472.70. The company's stock had a trading volume of 624,036 shares, compared to its average volume of 771,438. The business has a fifty day simple moving average of $451.58 and a two-hundred day simple moving average of $472.90. Moody's Co. has a 12-month low of $378.71 and a 12-month high of $531.93. The firm has a market cap of $85.04 billion, a PE ratio of 41.94, a PEG ratio of 2.87 and a beta of 1.40. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.67 and a current ratio of 1.47.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The business services provider reported $3.83 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.25. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. Moody's had a return on equity of 58.94% and a net margin of 29.03%. As a group, research analysts forecast that Moody's Co. will post 13.95 EPS for the current year.

Moody's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, May 16th. Moody's's dividend payout ratio is currently 32.47%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MCO shares. Bank of America started coverage on shares of Moody's in a research report on Thursday, April 10th. They issued a "buy" rating and a $530.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Moody's from $585.00 to $495.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. StockNews.com cut shares of Moody's from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays decreased their price objective on shares of Moody's from $570.00 to $520.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Finally, Mizuho started coverage on shares of Moody's in a research report on Wednesday, March 12th. They issued a "neutral" rating and a $504.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $515.87.

Insider Buying and Selling at Moody's

In other Moody's news, CEO Robert Fauber sold 415 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total transaction of $181,687.00. Following the completion of the transaction, the chief executive officer now owns 62,690 shares of the company's stock, valued at approximately $27,445,682. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

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.