Keybank National Association OH Buys 1,973 Shares of Moody’s Corporation $MCO

Keybank National Association OH increased its stake in Moody’s Corporation (NYSE:MCO) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,568 shares of the business services provider’s stock after buying an additional 1,973 shares during the quarter. Keybank National Association OH’s holdings in Moody’s were worth $6,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in Moody’s in the second quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new position in shares of Moody’s during the 4th quarter worth about $26,000. Nalls Sherbakoff Group LLC bought a new stake in shares of Moody’s in the 4th quarter valued at about $27,000. Ares Financial Consulting LLC bought a new stake in shares of Moody’s in the 4th quarter valued at about $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Moody’s in the 3rd quarter valued at about $30,000. 92.11% of the stock is owned by institutional investors.

Insider Activity at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,467 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $665,533.89. Following the transaction, the chief executive officer owned 52,564 shares in the company, valued at $23,846,709.88. This trade represents a 2.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of Moody’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $453.67, for a total value of $71,679.86. Following the sale, the senior vice president directly owned 1,985 shares of the company’s stock, valued at $900,534.95. This represents a 7.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 3,250 shares of company stock valued at $1,495,098. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on MCO. Bank of America reiterated a “buy” rating and set a $565.00 price target on shares of Moody’s in a report on Wednesday, April 22nd. Morgan Stanley cut their price objective on Moody’s from $526.00 to $489.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 7th. Mizuho reduced their target price on Moody’s from $524.00 to $521.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Rothschild & Co Redburn set a $500.00 target price on Moody’s in a report on Thursday, June 18th. Finally, Wells Fargo & Company increased their price target on Moody’s from $560.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $541.83.

Moody’s Stock Down 0.2%

Shares of MCO opened at $489.61 on Friday. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The firm has a market cap of $85.53 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.64 and a beta of 1.34. The firm’s 50-day simple moving average is $452.09 and its 200 day simple moving average is $466.21. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.83 EPS. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, analysts forecast that Moody’s Corporation will post 16.69 earnings per share for the current year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. Moody’s’s dividend payout ratio (DPR) is presently 29.53%.

Moody’s Company Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.