Keybank National Association OH Purchases 1,092 Shares of Moody's Corporation (NYSE:MCO)

Keybank National Association OH increased its position in shares of Moody's Corporation (NYSE:MCO - Free Report) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,400 shares of the business services provider's stock after purchasing an additional 1,092 shares during the period. Keybank National Association OH's holdings in Moody's were worth $4,843,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its stake 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 purchasing an additional 20 shares during the period. Carson Advisory Inc. boosted its stake 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 purchasing an additional 21 shares during the period. Summit Financial LLC boosted its stake 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 purchasing an additional 22 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake 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 purchasing an additional 25 shares during the period. Finally, Cornerstone Advisory LLC lifted its holdings in Moody's by 2.2% during the 4th quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock valued at $598,000 after buying an additional 25 shares in the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody's Stock Up 1.5%

Shares of NYSE:MCO traded up $7.30 during trading hours on Friday, hitting $504.42. The company's stock had a trading volume of 485,177 shares, compared to its average volume of 766,859. Moody's Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market capitalization of $90.74 billion, a price-to-earnings ratio of 43.56, a P/E/G ratio of 2.89 and a beta of 1.38. The firm's fifty day moving average price is $478.63 and its 200 day moving average price is $472.62.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly 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. Moody's had a net margin of 29.15% and a return on equity of 60.37%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. As a group, research analysts expect that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Moody's from $572.00 to $573.00 and gave the company an "overweight" rating in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Moody's from $475.00 to $456.00 and set a "market perform" rating for the company in a report on Wednesday, April 23rd. Robert W. Baird decreased their price objective on shares of Moody's from $575.00 to $525.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Mizuho assumed coverage on shares of Moody's in a report on Wednesday, March 12th. They set a "neutral" rating and a $504.00 price objective for the company. Finally, Wall Street Zen lowered shares of Moody's from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $521.40.

Insider Activity at Moody's

In related news, CEO Robert Fauber sold 415 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 owned 62,690 shares in the company, valued at $27,445,682. The trade was a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by company insiders.

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.