Massey Quick Simon & CO. LLC acquired a new stake in Moody’s Corporation (NYSE:MCO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,415 shares of the business services provider’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCO. Dimensional Fund Advisors LP lifted its position in Moody’s Corporation by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 356,971 shares of the business services provider’s stock valued at $39,992,000 after acquiring an additional 9,536 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Moody’s Corporation in the 1st quarter valued at $101,000. Capstone Asset Management Co. lifted its position in Moody’s Corporation by 1.2% in the 2nd quarter. Capstone Asset Management Co. now owns 14,074 shares of the business services provider’s stock valued at $1,713,000 after acquiring an additional 172 shares in the last quarter. Creative Planning lifted its position in Moody’s Corporation by 1.7% in the 2nd quarter. Creative Planning now owns 7,826 shares of the business services provider’s stock valued at $952,000 after acquiring an additional 130 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Moody’s Corporation by 106.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,090 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 1,080 shares in the last quarter. 88.50% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on MCO. UBS AG boosted their price objective on shares of Moody’s Corporation from $142.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Zacks Investment Research cut shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Cantor Fitzgerald reissued a “hold” rating and set a $148.00 price target on shares of Moody’s Corporation in a research report on Monday, November 6th. Credit Suisse Group boosted their price target on shares of Moody’s Corporation from $137.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets boosted their price target on shares of Moody’s Corporation from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $150.22.

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Moody’s Corporation (NYSE MCO) traded down $0.04 during trading on Tuesday, hitting $142.15. 492,200 shares of the stock traded hands, compared to its average volume of 846,447. The firm has a market cap of $27,060.00, a price-to-earnings ratio of 24.82, a PEG ratio of 2.52 and a beta of 1.35. Moody’s Corporation has a one year low of $93.51 and a one year high of $148.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. Moody’s Corporation had a net margin of 13.73% and a negative return on equity of 187.20%. Moody’s Corporation’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. sell-side analysts anticipate that Moody’s Corporation will post 5.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.38 per share. The ex-dividend date is Monday, November 20th. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. Moody’s Corporation’s dividend payout ratio is presently 54.68%.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the transaction, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the transaction, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by insiders.

Moody’s Corporation 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 research and analytical services to financial institution customers.

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

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