1,641 Shares in Moody's Corporation (NYSE:MCO) Acquired by Davidson Trust Co.

Davidson Trust Co. bought a new stake in Moody's Corporation (NYSE:MCO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,641 shares of the business services provider's stock, valued at approximately $764,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. grew its position in shares of Moody's by 0.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock worth $1,690,000 after buying an additional 20 shares during the period. Carson Advisory Inc. grew its position in shares of Moody's by 2.9% during the 4th quarter. Carson Advisory Inc. now owns 741 shares of the business services provider's stock worth $351,000 after buying an additional 21 shares during the period. Summit Financial LLC grew its position in shares of Moody's by 1.4% during the 4th quarter. Summit Financial LLC now owns 1,641 shares of the business services provider's stock worth $777,000 after buying an additional 22 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of Moody's by 1.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,471 shares of the business services provider's stock worth $696,000 after buying an additional 25 shares during the period. Finally, Cornerstone Advisory LLC grew its position in shares of Moody's by 2.2% during the 4th quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock worth $598,000 after buying an additional 25 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on Moody's in a research report on Thursday, April 10th. They set a "buy" rating and a $530.00 target price for the company. Stifel Nicolaus decreased their target price on Moody's from $533.00 to $468.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Barclays cut their price objective on Moody's from $570.00 to $520.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on Moody's from $585.00 to $495.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $550.00 price objective on shares of Moody's in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $521.40.

Insider Buying and Selling

In other Moody's news, CEO Robert Fauber sold 415 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 62,690 shares of the company's stock, valued at $27,445,682. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company's stock.

Moody's Stock Up 1.5%

NYSE MCO traded up $7.30 during trading on Friday, hitting $504.42. The stock had a trading volume of 485,177 shares, compared to its average volume of 766,859. The company has a market capitalization of $90.74 billion, a PE ratio of 43.56, a P/E/G ratio of 2.89 and a beta of 1.38. The company's 50-day moving average price is $478.63 and its two-hundred day moving average price is $472.62. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.56 and a current ratio of 1.57. Moody's Corporation has a 12 month low of $378.71 and a 12 month high of $531.93.

Moody's (NYSE:MCO - Get Free Report) last released its earnings results on Tuesday, April 22nd. The business services provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.58 by $0.25. The firm had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.90 billion. Moody's had a return on equity of 60.37% and a net margin of 29.15%. As a group, sell-side analysts forecast that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, May 16th. Moody's's payout ratio is 32.47%.

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.