Mattern Capital Management LLC Buys 115 Shares of Moody’s Co. (NYSE:MCO)

Mattern Capital Management LLC lifted its holdings in shares of Moody’s Co. (NYSE:MCO) by 14.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 936 shares of the business services provider’s stock after buying an additional 115 shares during the period. Mattern Capital Management LLC’s holdings in Moody’s were worth $444,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCO. New Covenant Trust Company N.A. bought a new stake in shares of Moody’s in the 1st quarter valued at $27,000. Versant Capital Management Inc increased its position in shares of Moody’s by 114.3% during the second quarter. Versant Capital Management Inc now owns 75 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in Moody’s in the second quarter valued at about $35,000. EntryPoint Capital LLC bought a new stake in shares of Moody’s in the first quarter valued at $38,000. Finally, Asset Dedication LLC boosted its holdings in Moody’s by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after buying an additional 39 shares during the period. Institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCO. Bank of America lifted their target price on shares of Moody’s from $430.00 to $510.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group raised their price target on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada lifted their target price on shares of Moody’s from $450.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $500.00.

Moody’s Trading Down 0.9 %

Moody’s stock opened at $462.80 on Friday. Moody’s Co. has a 12 month low of $298.86 and a 12 month high of $495.10. 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 stock’s 50 day simple moving average is $478.06 and its two-hundred day simple moving average is $438.56. The firm has a market cap of $84.51 billion, a PE ratio of 50.52, a P/E/G ratio of 3.10 and a beta of 1.29.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.32. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. Moody’s’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.43 EPS. Analysts anticipate that Moody’s Co. will post 11.46 earnings per share for the current year.

Moody’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be issued a $0.85 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.40 annualized dividend and a yield of 0.73%. Moody’s’s dividend payout ratio (DPR) is currently 37.12%.

Insider Transactions at Moody’s

In related news, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the sale, the insider now directly owns 8,147 shares of the company’s stock, valued at $3,619,386.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Richard G. Steele sold 1,862 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 1,040 shares of the company’s stock, valued at approximately $473,647.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $444.26, for a total value of $252,783.94. Following the sale, the insider now directly owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,931 shares of company stock worth $1,332,825. 0.07% of the stock is currently owned by insiders.

About Moody’s

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.