ETRADE Capital Management LLC Purchases Shares of 1,656 Moody's Co. (MCO)

ETRADE Capital Management LLC purchased a new stake in shares of Moody's Co. (NYSE:MCO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,656 shares of the business services provider’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Moody's by 78.1% during 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 in the last quarter. Sun Life Financial INC boosted its position in shares of Moody's by 12,200.0% during 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 in the last quarter. Salem Investment Counselors Inc. boosted its position 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 in the last quarter. Smithfield Trust Co. boosted its position in shares of Moody's by 6.7% during 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 in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV bought a new position in shares of Moody's during the 2nd quarter worth about $200,000. 87.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Moody's Co. (MCO) traded up $0.33 during midday trading on Wednesday, reaching $152.08. 724,500 shares of the company traded hands, compared to its average volume of 839,772. Moody's Co. has a twelve month low of $93.51 and a twelve month high of $153.86. The company has a market cap of $28,999.43, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.69 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 quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.15. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. During the same quarter last year, the firm earned $1.34 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities analysts predict that Moody's Co. will post 5.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 annualized dividend and a yield of 1.00%. Moody's’s payout ratio is 54.29%.

A number of research firms have recently issued reports on MCO. Cantor Fitzgerald reissued a “hold” rating and set a $148.00 price objective on shares of Moody's in a research report on Wednesday, November 29th. Barclays raised shares of Moody's from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $165.00 in a research report on Friday, November 17th. Argus increased their price objective on shares of Moody's to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. BMO Capital Markets increased their price objective on shares of Moody's from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Monday, November 6th. Finally, Credit Suisse Group increased their price objective on shares of Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $151.89.

In related news, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction dated Thursday, September 7th. The shares were 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 of the company’s stock, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,716 shares of company stock worth $6,703,384. 1.17% of the stock is owned by insiders.

WARNING: This report was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/06/etrade-capital-management-llc-purchases-shares-of-1656-moodys-co-mco.html.

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.

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody's Co. (NYSE:MCO).

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

What are top analysts saying about Moody's Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Moody's Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit