Skandinaviska Enskilda Banken AB publ Raises Stake in Moody's Co. (MCO)

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Moody's Co. (NYSE:MCO) by 9.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 30,380 shares of the business services provider’s stock after purchasing an additional 2,537 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Moody's were worth $4,229,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Moody's by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 1,954 shares of the business services provider’s stock worth $238,000 after purchasing an additional 5 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of Moody's by 0.6% during 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. BRYN MAWR TRUST Co lifted its position in Moody's by 0.7% during the 2nd quarter. BRYN MAWR TRUST Co now owns 6,386 shares of the business services provider’s stock worth $777,000 after acquiring an additional 45 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Moody's by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,365 shares of the business services provider’s stock worth $1,505,000 after acquiring an additional 52 shares in the last quarter. Finally, Blue Edge Capital LLC lifted its position in Moody's by 0.6% during the 2nd quarter. Blue Edge Capital LLC now owns 9,264 shares of the business services provider’s stock worth $1,127,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 87.49% of the company’s stock.

In other Moody's news, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the transaction, the insider now directly owns 292,310 shares in the company, valued at $39,216,309.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,716 shares of company stock worth $6,703,384. 1.17% of the stock is currently owned by corporate insiders.

Several research firms recently commented on MCO. Cantor Fitzgerald reissued a “hold” rating and set a $148.00 price target on shares of Moody's in a research report on Wednesday, November 29th. BMO Capital Markets boosted their price target on Moody's from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Monday, November 6th. Credit Suisse Group boosted their price target on Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. UBS boosted their price target on Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Argus boosted their price target on Moody's to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Six research 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 stock. Moody's currently has an average rating of “Buy” and an average price target of $151.89.

Shares of Moody's Co. (NYSE:MCO) traded down $0.52 on Monday, hitting $151.30. The company’s stock had a trading volume of 769,700 shares, compared to its average volume of 840,698. Moody's Co. has a one year low of $93.51 and a one year high of $153.41. The firm has a market cap of $28,900.00, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.68 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15.

Moody's (NYSE:MCO) last announced its earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. During the same period in the prior year, the company posted $1.34 EPS. Moody's’s quarterly revenue was up 15.9% on a year-over-year basis. analysts anticipate that Moody's Co. will post 5.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 20th. Moody's’s payout ratio is 54.68%.

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About Moody's

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.

Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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