Davis Selected Advisers boosted its stake in Moody's Co. (NYSE:MCO) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,766 shares of the business services provider’s stock after purchasing an additional 1,460 shares during the period. Davis Selected Advisers owned about 0.11% of Moody's worth $28,227,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in MCO. Grove Bank & Trust grew its position in shares of Moody's by 156.7% in the 3rd 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 last quarter. IFP Advisors Inc boosted its position in shares of Moody's by 78.1% during the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $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 second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $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 second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 8 shares in the last quarter. Finally, Invictus RG bought a new stake in shares of Moody's during the third quarter valued at approximately $199,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the transaction, the director now directly 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. Corporate insiders own 1.17% of the company’s stock.
Moody's Co. (NYSE:MCO) traded down $0.67 during trading on Friday, reaching $149.50. The company had a trading volume of 573,400 shares, compared to its average volume of 834,609. The stock has a market capitalization of $28,697.49, a PE ratio of 26.21, a PEG ratio of 2.65 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 Co. has a 12 month low of $93.51 and a 12 month high of $153.86.
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, topping analysts’ consensus estimates of $1.37 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. equities research analysts anticipate 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. Shareholders of record on Tuesday, November 21st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Monday, November 20th. Moody's’s payout ratio is 54.29%.
MCO has been the topic of several research reports. Credit Suisse Group restated a “neutral” rating and set a $137.00 price target (up from $131.00) on shares of Moody's in a research report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets reissued a “market perform” rating and issued a $136.00 target price (up from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Barclays boosted their target price on Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Moody's in a research note on Friday, October 6th. Finally, UBS boosted their price target on Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $151.89.
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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