AdvisorNet Financial Inc increased its position in Moody’s Co. (NYSE:MCO) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,864 shares of the business services provider’s stock after buying an additional 172 shares during the period. AdvisorNet Financial Inc’s holdings in Moody’s were worth $2,647,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MCO. Great West Life Assurance Co. Can lifted its position in shares of Moody’s by 3.6% in the third quarter. Great West Life Assurance Co. Can now owns 160,304 shares of the business services provider’s stock worth $46,465,000 after buying an additional 5,578 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Moody’s by 18.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 9,424 shares of the business services provider’s stock worth $2,732,000 after buying an additional 1,496 shares in the last quarter. Eudaimonia Partners LLC lifted its position in shares of Moody’s by 13.2% in the third quarter. Eudaimonia Partners LLC now owns 429 shares of the business services provider’s stock worth $124,000 after buying an additional 50 shares in the last quarter. Trust Asset Management LLC purchased a new stake in Moody’s during the third quarter valued at approximately $238,000. Finally, Brasada Capital Management LP raised its position in Moody’s by 41.3% during the third quarter. Brasada Capital Management LP now owns 17,433 shares of the business services provider’s stock valued at $5,053,000 after purchasing an additional 5,098 shares during the period. Institutional investors own 89.31% of the company’s stock.
A number of equities research analysts have issued reports on MCO shares. Raymond James upgraded Moody’s from a “market perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a research report on Thursday, April 1st. Barclays upped their price objective on Moody’s from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, December 17th. Deutsche Bank Aktiengesellschaft upped their price objective on Moody’s from $300.00 to $315.00 and gave the company a “hold” rating in a research report on Tuesday, March 30th. BMO Capital Markets upped their price objective on Moody’s from $312.00 to $348.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Morgan Stanley upped their target price on Moody’s from $292.00 to $301.00 and gave the company an “equal weight” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $311.17.
Moody’s (NYSE:MCO) last announced its quarterly earnings data on Thursday, February 11th. The business services provider reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.06). Moody’s had a return on equity of 170.55% and a net margin of 34.31%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Moody’s Co. will post 10.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Shareholders of record on Thursday, February 25th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, February 24th. This is a boost from Moody’s’s previous quarterly dividend of $0.56. Moody’s’s dividend payout ratio (DPR) is 29.92%.
In other news, EVP John J. Goggins sold 11,527 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $293.81, for a total transaction of $3,386,747.87. Following the completion of the sale, the executive vice president now owns 19,473 shares in the company, valued at approximately $5,721,362.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 1,144 shares of the stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $278.84, for a total value of $318,992.96. Following the sale, the insider now owns 10,163 shares of the company’s stock, valued at approximately $2,833,850.92. The disclosure for this sale can be found here. Insiders have sold a total of 16,118 shares of company stock worth $4,771,584 in the last ninety days. Insiders own 0.79% of the company’s stock.
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations; and structured finance securities.
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