Curi RMB Capital LLC Purchases 100 Shares of Moody’s Co. (NYSE:MCO)

Curi RMB Capital LLC increased its position in Moody’s Co. (NYSE:MCO) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,289 shares of the business services provider’s stock after purchasing an additional 100 shares during the period. Curi RMB Capital LLC’s holdings in Moody’s were worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MCO. PineStone Asset Management Inc. grew its stake in shares of Moody’s by 133.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,277,056 shares of the business services provider’s stock worth $958,481,000 after buying an additional 1,303,434 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Moody’s by 74,000.1% in the third quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock worth $343,935,000 after acquiring an additional 723,721 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Moody’s during the second quarter valued at $141,336,000. Wulff Hansen & CO. raised its position in shares of Moody’s by 41,992.9% in the 2nd quarter. Wulff Hansen & CO. now owns 279,918 shares of the business services provider’s stock worth $117,826,000 after purchasing an additional 279,253 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Moody’s by 8.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,918,257 shares of the business services provider’s stock valued at $1,228,382,000 after purchasing an additional 225,846 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

MCO opened at $473.31 on Friday. Moody’s Co. has a 12-month low of $352.17 and a 12-month high of $495.10. The company has a market cap of $85.76 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 3.12 and a beta of 1.29. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The company’s 50 day moving average is $473.97 and its 200 day moving average is $447.48.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, topping the consensus estimate of $2.89 by $0.32. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.71 billion. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. Moody’s’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.43 EPS. On average, equities research analysts predict that Moody’s Co. will post 12.07 EPS for the current year.

Moody’s Dividend Announcement

The company also recently announced 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. This represents a $3.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, November 22nd. Moody’s’s dividend payout ratio is 31.05%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Raymond James downgraded Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. BMO Capital Markets boosted their price target on Moody’s from $455.00 to $464.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price objective on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $500.00.

Insiders Place Their Bets

In related news, SVP Caroline Sullivan sold 1,681 shares of Moody’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the transaction, the senior vice president now owns 1,415 shares in the company, valued at approximately $654,296. The trade was a 54.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is owned by company 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.