Raub Brock Capital Management LP Invests $15.90 Million in Moody’s Co. (NYSE:MCO)

Raub Brock Capital Management LP acquired a new position in shares of Moody’s Co. (NYSE:MCO) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 34,133 shares of the business services provider’s stock, valued at approximately $15,896,000. Moody’s accounts for about 3.5% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors have also modified their holdings of MCO. OFI Invest Asset Management acquired a new stake in Moody’s during the 4th quarter worth $41,000. Asset Planning Inc acquired a new position in shares of Moody’s during the fourth quarter worth about $42,000. Larson Financial Group LLC increased its stake in shares of Moody’s by 80.6% during the fourth quarter. Larson Financial Group LLC now owns 121 shares of the business services provider’s stock worth $57,000 after acquiring an additional 54 shares during the period. Mizuho Bank Ltd. acquired a new position in Moody’s during the fourth quarter worth about $66,000. Finally, Vision Financial Markets LLC acquired a new position in Moody’s during the fourth quarter worth about $67,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MCO shares. Stifel Nicolaus reduced their price target on shares of Moody’s from $533.00 to $468.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Robert W. Baird cut their price target on shares of Moody’s from $575.00 to $525.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer increased their price objective on shares of Moody’s from $489.00 to $523.00 and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Mizuho assumed coverage on shares of Moody’s in a research report on Wednesday, March 12th. They issued a “neutral” rating and a $504.00 price objective for the company. Finally, Morgan Stanley raised their price target on shares of Moody’s from $481.00 to $508.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $519.40.

Moody’s Stock Performance

Moody’s stock opened at $471.57 on Friday. The company has a market cap of $84.84 billion, a PE ratio of 41.84, a PEG ratio of 2.87 and a beta of 1.39. The company’s 50-day moving average is $461.41 and its two-hundred day moving average is $473.48. The company has a current ratio of 1.47, a quick ratio of 1.67 and a debt-to-equity ratio of 1.81. Moody’s Co. has a 1 year low of $378.71 and a 1 year high of $531.93.

Moody’s (NYSE:MCO) last announced its earnings results on Tuesday, April 22nd. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.58 by $0.25. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. Moody’s had a net margin of 29.03% and a return on equity of 58.94%. Equities analysts anticipate that Moody’s Co. will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $0.94 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.76 dividend on an annualized basis and a yield of 0.80%. Moody’s’s dividend payout ratio (DPR) is currently 32.47%.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $463.08, for a total value of $192,178.20. Following the completion of the transaction, the chief executive officer now owns 62,824 shares of the company’s stock, valued at $29,092,537.92. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is 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.