Integrated Wealth Concepts LLC Purchases 69 Shares of Moody’s Co. (NYSE:MCO)

Integrated Wealth Concepts LLC raised its position in shares of Moody’s Co. (NYSE:MCO) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,176 shares of the business services provider’s stock after purchasing an additional 69 shares during the period. Integrated Wealth Concepts LLC’s holdings in Moody’s were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Planning Capital Management Corp raised its position in Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. Larson Financial Group LLC raised its position in Moody’s by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in Moody’s during the 2nd quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new stake in Moody’s during the 3rd quarter valued at $36,000. Finally, Asset Dedication LLC raised its position in Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. 92.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on Moody’s from $455.00 to $464.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. Morgan Stanley lifted their price target on Moody’s from $451.00 to $462.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Barclays lifted their price target on Moody’s from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, StockNews.com downgraded Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Moody’s presently has an average rating of “Hold” and an average target price of $500.00.

Moody’s Stock Up 0.2 %

Shares of MCO stock opened at $491.55 on Wednesday. The stock’s fifty day moving average price is $476.78 and its 200 day moving average price is $458.51. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $89.07 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.32. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm posted $2.43 EPS. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, research analysts expect that Moody’s Co. will post 12.07 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $3.40 dividend on an annualized basis and a yield of 0.69%. Moody’s’s dividend payout ratio is currently 31.05%.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the transaction, the chief executive officer now owns 61,354 shares of the company’s stock, valued at $29,387,952.46. The trade was a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the transaction, the senior vice president now directly owns 1,415 shares of the company’s stock, valued at approximately $654,296. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

About Moody’s

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.