Nisa Investment Advisors LLC continued to hold its stake in shares of Moody’s Corp. (NYSE:MCO) during the third quarter, Holdings Channel reports. The institutional investor owned 83,488 shares of the company’s stock at the end of the third quarter. Nisa Investment Advisors LLC’s holdings in Moody’s Corp. were worth $9,040,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MCO. Envestnet Asset Management Inc. boosted its stake in shares of Moody’s Corp. by 10.9% in the first quarter. Envestnet Asset Management Inc. now owns 16,470 shares of the company’s stock valued at $1,590,000 after buying an additional 1,620 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in shares of Moody’s Corp. during the first quarter valued at $210,000. DNB Asset Management AS boosted its position in shares of Moody’s Corp. by 1.6% in the second quarter. DNB Asset Management AS now owns 18,588 shares of the company’s stock valued at $1,742,000 after buying an additional 300 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in shares of Moody’s Corp. by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 43,756 shares of the company’s stock valued at $4,100,000 after buying an additional 2,472 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Moody’s Corp. by 0.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 155,696 shares of the company’s stock valued at $14,590,000 after buying an additional 1,283 shares in the last quarter. Institutional investors own 85.32% of the company’s stock.

Institutional Ownership by Quarter for Moody`s Corp. (NYSE:MCO)

Shares of Moody’s Corp. (NYSE:MCO) traded up 0.144% during mid-day trading on Tuesday, reaching $101.035. 328,269 shares of the company’s stock were exchanged. The company’s 50 day moving average is $102.35 and its 200 day moving average is $102.50. Moody’s Corp. has a 1-year low of $77.76 and a 1-year high of $110.83. The stock has a market capitalization of $19.31 billion, a PE ratio of 21.789 and a beta of 1.36.

Moody’s Corp. (NYSE:MCO) last announced its quarterly earnings results on Friday, October 21st. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. Moody’s Corp. had a net margin of 25.88% and a negative return on equity of 260.34%. The firm had revenue of $917.10 million for the quarter, compared to the consensus estimate of $894.05 million. During the same period in the prior year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Moody’s Corp. will post $4.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 21st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, November 17th. Moody’s Corp.’s dividend payout ratio (DPR) is presently 31.97%.

WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this news story can be accessed at http://www.dailypolitical.com/2016/11/29/moodys-corp-mco-stake-held-by-nisa-investment-advisors-llc.html.

Several brokerages have recently weighed in on MCO. Barclays PLC dropped their price target on shares of Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 23rd. Cantor Fitzgerald set a $105.00 price target on shares of Moody’s Corp. and gave the stock a “hold” rating in a research note on Thursday, September 29th. Argus lifted their price target on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research cut shares of Moody’s Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $112.00 price target (up previously from $104.00) on shares of Moody’s Corp. in a research note on Friday, September 30th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $108.32.

In other Moody’s Corp. news, insider Robert Fauber sold 625 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $99.73, for a total transaction of $62,331.25. Following the transaction, the insider now directly owns 41,296 shares of the company’s stock, valued at $4,118,450.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Linda Huber sold 182,595 shares of the stock in a transaction on 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 transaction, the vice president now directly owns 63,637 shares in the company, 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.

5 Day Chart for NYSE:MCO

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Corp. (NYSE:MCO).

Receive News & Ratings for Moody's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.