Janney Montgomery Scott LLC Takes Position in Moody’s Corp. (MCO)
Janney Montgomery Scott LLC acquired a new position in Moody’s Corp. (NYSE:MCO) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,220 shares of the company’s stock, valued at approximately $208,000.
Several other hedge funds also recently bought and sold shares of MCO. NN Investment Partners Holdings N.V. acquired a new stake in Moody’s Corp. during the first quarter valued at $103,000. FNY Managed Accounts LLC purchased a new position in Moody’s Corp. during the second quarter worth about $190,000. First Republic Investment Management Inc. purchased a new position in Moody’s Corp. during the first quarter worth about $209,000. BlueMountain Capital Management LLC purchased a new position in Moody’s Corp. during the first quarter worth about $210,000. Finally, CIBC World Markets Inc. purchased a new position in Moody’s Corp. during the second quarter worth about $220,000. 86.91% of the stock is owned by institutional investors.
Moody’s Corp. (NYSE:MCO) traded down 0.49% during midday trading on Tuesday, reaching $107.95. 1,074,548 shares of the company traded hands. The company has a 50 day moving average price of $106.31 and a 200-day moving average price of $99.51. Moody’s Corp. has a one year low of $77.76 and a one year high of $110.83. The stock has a market capitalization of $20.75 billion, a P/E ratio of 24.11 and a beta of 1.26.
Moody’s Corp. (NYSE:MCO) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The firm earned $928.90 million during the quarter, compared to analysts’ expectations of $909.08 million. During the same period in the previous year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts forecast that Moody’s Corp. will post $4.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 22nd were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, August 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.37%. Moody’s Corp.’s dividend payout ratio is presently 33.18%.
A number of equities analysts have issued reports on MCO shares. Barclays PLC decreased their price objective on shares of Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 23rd. Morgan Stanley restated an “overweight” rating and issued a $114.00 price objective on shares of Moody’s Corp. in a research report on Tuesday, July 19th. Cantor Fitzgerald restated a “hold” rating on shares of Moody’s Corp. in a research report on Friday, August 19th. Argus boosted their price objective on shares of Moody’s Corp. from $110.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Finally, Zacks Investment Research upgraded shares of Moody’s Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Moody’s Corp. currently has a consensus rating of “Hold” and a consensus price target of $104.46.
In other Moody’s Corp. news, insider Raymond W. Mcdaniel sold 7,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $108.11, for a total value of $756,770.00. Following the completion of the sale, the insider now directly owns 227,762 shares of the company’s stock, valued at approximately $24,623,349.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Linda Huber sold 182,595 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $110.13, for a total transaction of $20,109,187.35. Following the completion of the sale, the vice president now directly owns 63,637 shares of the company’s stock, valued at $7,008,342.81. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.
Moody’s Corp. 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 outsourced research and analytical services to financial institution customers.
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