Moody’s Co. (NYSE:MCO) Shares Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC raised its position in Moody’s Co. (NYSE:MCO) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 592 shares of the business services provider’s stock after acquiring an additional 74 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Moody’s were worth $281,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Motco grew its position in shares of Moody’s by 9,756.3% during the first quarter. Motco now owns 1,577 shares of the business services provider’s stock worth $620,000 after buying an additional 1,561 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Moody’s during the first quarter worth approximately $2,967,000. SG Americas Securities LLC grew its position in shares of Moody’s by 52.2% during the second quarter. SG Americas Securities LLC now owns 35,264 shares of the business services provider’s stock worth $14,844,000 after buying an additional 12,099 shares in the last quarter. Peak Financial Advisors LLC acquired a new stake in shares of Moody’s during the first quarter worth approximately $2,893,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Moody’s by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 38,650 shares of the business services provider’s stock worth $15,191,000 after buying an additional 3,169 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In related news, insider Stephen T. Tulenko sold 500 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $464.06, for a total transaction of $232,030.00. Following the sale, the insider now owns 6,647 shares in the company, valued at $3,084,606.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Richard G. Steele sold 1,862 shares of Moody’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $455.43, for a total transaction of $848,010.66. Following the completion of the sale, the senior vice president now owns 1,040 shares of the company’s stock, valued at approximately $473,647.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 500 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $464.06, for a total value of $232,030.00. Following the sale, the insider now owns 6,647 shares in the company, valued at $3,084,606.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,931 shares of company stock valued at $1,332,825. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MCO. BMO Capital Markets downgraded shares of Moody’s from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $482.00 to $455.00 in a report on Wednesday, July 24th. Oppenheimer lifted their price objective on shares of Moody’s from $492.00 to $536.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group lifted their price objective on shares of Moody’s from $455.00 to $470.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of Moody’s from $451.00 to $462.00 and gave the stock an “equal weight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $487.77.

Moody’s Price Performance

Moody’s stock opened at $469.40 on Friday. The business’s 50-day simple moving average is $473.72 and its 200 day simple moving average is $431.43. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 3.10 and a beta of 1.29. Moody’s Co. has a 12-month low of $298.86 and a 12-month high of $495.10. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.59.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $3.28 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.22. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $2.30 earnings per share. Moody’s’s revenue was up 21.6% compared to the same quarter last year. As a group, research analysts anticipate that Moody’s Co. will post 11.46 earnings per share for the current year.

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a dividend of $0.85 per share. The ex-dividend date was Friday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.72%. Moody’s’s payout ratio is 33.56%.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.