Mar Vista Investment Partners LLC lessened its position in Moody’s Corporation (NYSE:MCO) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 338,792 shares of the business services provider’s stock after selling 2,571 shares during the period. Moody’s Corporation makes up 2.0% of Mar Vista Investment Partners LLC’s holdings, making the stock its 24th largest position. Mar Vista Investment Partners LLC owned about 0.18% of Moody’s Corporation worth $47,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Moody’s Corporation by 78.1% during the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after purchasing an additional 502 shares during the period. Sun Life Financial INC raised its position in shares of Moody’s Corporation by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after purchasing an additional 1,220 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Moody’s Corporation by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after purchasing an additional 8 shares during the period. Smithfield Trust Co. raised its position in shares of Moody’s Corporation by 6.7% during the second quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock worth $174,000 after purchasing an additional 90 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV acquired a new stake in shares of Moody’s Corporation during the second quarter worth $200,000. 88.50% of the stock is currently owned by institutional investors.

MCO has been the topic of a number of recent analyst reports. Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Thursday, August 17th. Argus upped their price target on Moody’s Corporation to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Barclays PLC upped their price target on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and issued a $131.00 target price (up previously from $122.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Finally, BMO Capital Markets restated a “hold” rating and issued a $143.00 target price on shares of Moody’s Corporation in a research note on Friday, October 13th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $150.22.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the transaction, the insider now owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the transaction, the director now directly owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by corporate insiders.

Moody’s Corporation (NYSE:MCO) traded down $1.18 on Thursday, hitting $141.96. The stock had a trading volume of 619,500 shares, compared to its average volume of 843,512. The company has a market cap of $27,354.05, a P/E ratio of 24.98, a PEG ratio of 2.54 and a beta of 1.35. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $148.00. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.15. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. During the same quarter in the prior year, the company posted $1.34 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. research analysts predict that Moody’s Corporation will post 5.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 annualized dividend and a yield of 1.07%. Moody’s Corporation’s payout ratio is 54.29%.

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

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

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