Moody’s Co. (NYSE:MCO) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its holdings in Moody’s Co. (NYSE:MCO) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,176 shares of the business services provider’s stock after buying an additional 69 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Moody’s were worth $558,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MCO. Planning Capital Management Corp raised its holdings in Moody’s by 566.7% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares during the period. Larson Financial Group LLC raised its holdings in Moody’s by 272.2% in the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares during the period. Y.D. More Investments Ltd acquired a new position in Moody’s in the 2nd quarter worth about $35,000. Catalyst Capital Advisors LLC acquired a new position in Moody’s in the 3rd quarter worth about $36,000. Finally, Asset Dedication LLC raised its holdings in Moody’s by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

MCO has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on Moody’s from $460.00 to $514.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Evercore ISI initiated coverage on Moody’s in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 price objective for the company. UBS Group boosted their price objective on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Moody’s from $455.00 to $464.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus boosted their price objective on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Moody’s has a consensus rating of “Hold” and an average price target of $500.00.

Moody’s Price Performance

MCO stock opened at $491.55 on Wednesday. The business has a fifty day moving average of $476.78 and a two-hundred day moving average of $458.51. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The stock 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 Co. has a 52-week low of $360.05 and a 52-week high of $503.95.

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

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, November 22nd. This represents a $3.40 annualized dividend and a yield of 0.69%. Moody’s’s dividend payout ratio (DPR) is 31.05%.

Moody’s 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.