Tokio Marine Asset Management Co. Ltd. Has $13.01 Million Holdings in Moody's Co. (NYSE:MCO)

Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Moody's Co. (NYSE:MCO - Free Report) by 46.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,421 shares of the business services provider's stock after selling 24,024 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Moody's were worth $13,014,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. boosted its holdings in Moody's by 14.8% in the first quarter. Avantax Advisory Services Inc. now owns 1,189 shares of the business services provider's stock worth $467,000 after acquiring an additional 153 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Moody's in the 1st quarter worth about $208,000. Blair William & Co. IL raised its stake in Moody's by 1.7% in the 1st quarter. Blair William & Co. IL now owns 29,534 shares of the business services provider's stock valued at $11,608,000 after purchasing an additional 489 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Moody's by 10.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,622 shares of the business services provider's stock valued at $637,000 after purchasing an additional 152 shares in the last quarter. Finally, Great Lakes Retirement Inc. increased its stake in shares of Moody's by 3.1% in the 1st quarter. Great Lakes Retirement Inc. now owns 2,371 shares of the business services provider's stock worth $932,000 after acquiring an additional 71 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Caroline Sullivan sold 1,681 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the transaction, the senior vice president now owns 1,415 shares of the company's stock, valued at $654,296. The trade was a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MCO. Morgan Stanley raised their price target on shares of Moody's from $451.00 to $462.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Oppenheimer raised their price objective on shares of Moody's from $536.00 to $543.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their price target on Moody's from $490.00 to $512.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target 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. Finally, BMO Capital Markets lifted their price objective on shares of Moody's from $455.00 to $464.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $500.00.

Moody's Stock Up 0.6 %

MCO traded up $2.67 during trading hours on Thursday, reaching $482.09. 846,097 shares of the stock traded hands, compared to its average volume of 739,521. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The firm's fifty day simple moving average is $474.05 and its two-hundred day simple moving average is $446.54. The company has a market cap of $87.35 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 3.10 and a beta of 1.29. Moody's Co. has a fifty-two week low of $350.38 and a fifty-two week high of $495.10.

Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $0.32. Moody's had a net margin of 29.05% and a return on equity of 57.97%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the business earned $2.43 earnings per share. The company's revenue was up 23.2% on a year-over-year basis. As a group, analysts forecast that Moody's Co. will post 12.07 earnings per share for the current fiscal year.

Moody's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, November 22nd. Moody's's payout ratio is currently 31.05%.

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.