Grove Bank & Trust Has $181,000 Stake in Moody’s Co. (NYSE:MCO)

Grove Bank & Trust grew its stake in shares of Moody’s Co. (NYSE:MCO) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 381 shares of the business services provider’s stock after buying an additional 43 shares during the period. Grove Bank & Trust’s holdings in Moody’s were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Conning Inc. increased its position in shares of Moody’s by 3.0% during the second quarter. Conning Inc. now owns 778 shares of the business services provider’s stock worth $327,000 after acquiring an additional 23 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Moody’s by 1.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,357 shares of the business services provider’s stock worth $571,000 after buying an additional 24 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Moody’s by 2.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 960 shares of the business services provider’s stock worth $404,000 after buying an additional 24 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Moody’s by 0.5% in the 3rd quarter. Diversified Trust Co now owns 5,004 shares of the business services provider’s stock valued at $2,375,000 after acquiring an additional 25 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Moody’s by 0.7% in the second quarter. Angeles Wealth Management LLC now owns 3,871 shares of the business services provider’s stock valued at $1,629,000 after acquiring an additional 26 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCO has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on Moody’s from $443.00 to $454.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Raymond James cut shares of Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. Evercore ISI started coverage on shares of Moody’s in a report on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 target price on the stock. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of Moody’s from $460.00 to $514.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $487.77.

Moody’s Stock Up 0.9 %

Shares of MCO opened at $479.44 on Tuesday. The firm has a market cap of $87.55 billion, a P/E ratio of 52.34, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.52 and a current ratio of 1.52. Moody’s Co. has a 52 week low of $298.86 and a 52 week high of $495.10. The firm’s 50-day simple moving average is $474.96 and its 200 day simple moving average is $433.51.

Moody’s (NYSE:MCO) last posted its earnings results on Tuesday, July 23rd. The business services provider reported $3.28 EPS for the quarter, beating the consensus estimate of $3.06 by $0.22. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.30 earnings per share. On average, analysts forecast that Moody’s Co. will post 11.46 earnings per share for the current year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, August 16th. Moody’s’s dividend payout ratio is currently 37.12%.

Insider Activity

In related news, insider Stephen T. Tulenko sold 569 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $444.26, for a total transaction of $252,783.94. Following the transaction, the insider now directly owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Stephen T. Tulenko sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $464.06, for a total value of $232,030.00. Following the completion of the transaction, the insider now directly owns 6,647 shares in the company, valued at approximately $3,084,606.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen T. Tulenko sold 569 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.26, for a total value of $252,783.94. Following the sale, the insider now 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. Over the last 90 days, insiders sold 2,931 shares of company stock valued at $1,332,825. 0.07% of the stock is owned by company insiders.

Moody’s Company 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.