Advisor Group Inc. Grows Stake in Moody’s Corporation (MCO)
Advisor Group Inc. raised its position in Moody’s Corporation (NYSE:MCO) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,506 shares of the business services provider’s stock after purchasing an additional 3,035 shares during the quarter. Advisor Group Inc.’s holdings in Moody’s Corporation were worth $1,741,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Moody’s Corporation by 78.1% in the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after purchasing an additional 502 shares during the period. Sun Life Financial INC raised its holdings in shares of Moody’s Corporation by 12,200.0% in the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after purchasing an additional 1,220 shares during the period. Salem Investment Counselors Inc. raised its holdings in shares of Moody’s Corporation by 0.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after purchasing an additional 8 shares during the period. Smithfield Trust Co. raised its holdings in shares of Moody’s Corporation by 6.7% in the 2nd quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock worth $174,000 after purchasing an additional 90 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV purchased a new position in shares of Moody’s Corporation in the 2nd quarter worth about $200,000. Institutional investors own 88.50% of the company’s stock.
A number of equities analysts have recently commented on MCO shares. Credit Suisse Group restated a “neutral” rating and issued a $137.00 price objective (up from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. Barclays PLC raised their target price on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, September 15th. Cantor Fitzgerald reiterated a “hold” rating and set a $148.00 target price on shares of Moody’s Corporation in a report on Monday, November 6th. UBS AG raised their target price on Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, August 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $136.00 target price (up from $135.00) on shares of Moody’s Corporation in a report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $151.89.
Shares of Moody’s Corporation (NYSE:MCO) opened at $146.79 on Friday. The company has a market capitalization of $28,560.00, a PE ratio of 24.98, a P/E/G ratio of 2.54 and a beta of 1.35. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody’s Corporation has a twelve month low of $93.51 and a twelve month high of $148.00.
Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $992.81 million. During the same quarter last year, the firm earned $1.34 EPS. Moody’s Corporation’s quarterly revenue was up 15.9% on a year-over-year basis. research analysts predict that Moody’s Corporation will post 5.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 54.68%.
In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the completion of the sale, the insider now owns 292,310 shares in the company, valued at approximately $39,216,309.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the sale, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by company insiders.
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About Moody’s Corporation
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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