Janney Montgomery Scott LLC Takes $355,000 Position in Moody's Co. (MCO)

Janney Montgomery Scott LLC purchased a new position in Moody's Co. (NYSE:MCO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,547 shares of the business services provider’s stock, valued at approximately $355,000.

Several other institutional investors have also made changes to their positions in MCO. Grove Bank & Trust boosted its position in shares of Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after buying an additional 550 shares during the period. Sun Life Financial INC boosted its position in shares of Moody's by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after buying an additional 1,220 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares during the period. Invictus RG acquired a new position in shares of Moody's during the third quarter worth about $199,000. Finally, IFC Holdings Incorporated FL acquired a new position in shares of Moody's during the third quarter worth about $203,000. Institutional investors own 87.32% of the company’s stock.

In other news, Director Ewald Kist sold 4,000 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the director now directly owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. Corporate insiders own 1.17% of the company’s stock.

MCO has been the subject of several recent research reports. Argus upped their price objective on Moody's to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Barclays upped their price objective on Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Moody's in a research report on Friday, October 6th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 price objective on shares of Moody's in a research report on Monday, November 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $143.00 price objective on shares of Moody's in a research report on Friday, October 13th. Seven analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $153.40.

Moody's Co. (NYSE MCO) opened at $146.63 on Thursday. Moody's Co. has a 52-week low of $93.51 and a 52-week high of $153.86. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. The company has a market capitalization of $28,080.00, a P/E ratio of 52.74, a P/E/G ratio of 2.60 and a beta of 1.36.

Moody's (NYSE:MCO) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, beating the 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. During the same period in the prior year, the firm posted $1.34 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. equities analysts predict that Moody's Co. will post 5.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were given a dividend of $0.38 per share. The ex-dividend date was Monday, November 20th. This represents a $1.52 annualized dividend and a yield of 1.04%. Moody's’s dividend payout ratio (DPR) is presently 54.68%.

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Moody's Company Profile

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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