Bartlett & Co. LLC Purchases New Position in Moody’s Co. (NYSE:MCO)
Bartlett & Co. LLC bought a new position in shares of Moody’s Co. (NYSE:MCO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,550 shares of the business services provider’s stock, valued at approximately $522,000.
A number of other institutional investors also recently made changes to their positions in MCO. Krane Funds Advisors LLC bought a new stake in Moody’s during the second quarter worth approximately $25,000. Venturi Wealth Management LLC bought a new stake in Moody’s during the third quarter worth approximately $25,000. Capital Investment Advisory Services LLC boosted its position in Moody’s by 203.6% during the second quarter. Capital Investment Advisory Services LLC now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 112 shares during the period. Meeder Asset Management Inc. bought a new stake in Moody’s during the second quarter worth approximately $37,000. Finally, Private Capital Group LLC boosted its position in Moody’s by 138.9% during the second quarter. Private Capital Group LLC now owns 215 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the period. 90.27% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $212.71, for a total transaction of $791,493.91. Following the completion of the transaction, the insider now directly owns 48,382 shares in the company, valued at $10,291,335.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Almeida sold 27,236 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total value of $5,639,486.16. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.
Shares of MCO stock opened at $218.13 on Friday. Moody’s Co. has a 12 month low of $129.26 and a 12 month high of $223.82. The firm has a market cap of $40.23 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24. The stock has a 50 day moving average of $212.98 and a 200-day moving average of $203.72. The company has a quick ratio of 1.71, a current ratio of 1.42 and a debt-to-equity ratio of 7.50.
Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.16. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $1.69 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts predict that Moody’s Co. will post 8.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. Moody’s’s dividend payout ratio (DPR) is presently 27.06%.
Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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