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.
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%.
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.
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