Cipher Capital LP acquired a new stake in shares of Moody’s Corporation (NYSE:MCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,188 shares of the company’s stock, valued at approximately $1,620,000.

Several other large investors have also recently bought and sold shares of MCO. Municipal Employees Retirement System of Michigan increased its stake in Moody’s Corporation by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,350 shares of the company’s stock valued at $579,000 after buying an additional 20 shares in the last quarter. MSI Financial Services Inc boosted its position in Moody’s Corporation by 1.1% in the third quarter. MSI Financial Services Inc now owns 2,568 shares of the company’s stock valued at $278,000 after buying an additional 27 shares during the last quarter. Conning Inc. boosted its position in Moody’s Corporation by 0.9% in the third quarter. Conning Inc. now owns 4,353 shares of the company’s stock valued at $471,000 after buying an additional 40 shares during the last quarter. Nippon Life Insurance Co. boosted its position in Moody’s Corporation by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 17,116 shares of the company’s stock valued at $1,604,000 after buying an additional 43 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC boosted its position in Moody’s Corporation by 1.2% in the third quarter. Clifford Swan Investment Counsel LLC now owns 3,894 shares of the company’s stock valued at $422,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 87.31% of the company’s stock.

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

Moody’s Corporation (NYSE:MCO) opened at 110.22 on Friday. The firm has a market capitalization of $21.07 billion, a PE ratio of 23.77 and a beta of 1.30. Moody’s Corporation has a 1-year low of $83.71 and a 1-year high of $110.83. The company’s 50-day moving average price is $102.01 and its 200 day moving average price is $103.18.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Monday, February 20th will be issued a dividend of $0.38 per share. This is a boost from Moody’s Corporation’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.38%. Moody’s Corporation’s dividend payout ratio (DPR) is 31.97%.

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Several research firms recently commented on MCO. Zacks Investment Research cut Moody’s Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Cantor Fitzgerald set a $105.00 target price on Moody’s Corporation and gave the stock a “hold” rating in a research note on Friday, October 21st. Barclays PLC reissued a “hold” rating and set a $105.00 target price on shares of Moody’s Corporation in a research note on Monday, January 16th. BMO Capital Markets reissued a “market perform” rating and set a $108.00 target price on shares of Moody’s Corporation in a research note on Tuesday, December 13th. Finally, Credit Suisse Group began coverage on Moody’s Corporation in a research note on Sunday, November 20th. They set a “neutral” rating and a $94.00 target price for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $109.86.

In other news, insider Robert Fauber sold 1,970 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $101.65, for a total transaction of $200,250.50. Following the sale, the insider now owns 42,016 shares in the company, valued at $4,270,926.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Friday, December 30th. The stock was sold at an average price of $94.64, for a total value of $47,320.00. Following the sale, the director now owns 21,171 shares in the company, valued at approximately $2,003,623.44. The disclosure for this sale can be found here. Insiders have sold 5,275 shares of company stock worth $536,558 in the last 90 days. Insiders own 1.48% of the company’s stock.

About Moody’s Corporation

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

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