FDx Advisors Inc. purchased a new position in Moody’s Corporation (NYSE:MCO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,072 shares of the business services provider’s stock, valued at approximately $288,000.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted 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 buying an additional 502 shares during the period. Sun Life Financial INC boosted its position in 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 valued at $150,000 after purchasing an additional 1,220 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in 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 valued at $164,000 after purchasing an additional 8 shares during the last quarter. Smithfield Trust Co. boosted its position in 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 valued at $174,000 after purchasing an additional 90 shares during the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV acquired a new position in Moody’s Corporation during the second quarter valued at approximately $200,000. Institutional investors own 88.00% of the company’s stock.

A number of analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Moody’s Corporation in a research report on Sunday. UBS AG raised their price objective on Moody’s Corporation from $142.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Credit Suisse Group raised their price objective on Moody’s Corporation from $137.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. BMO Capital Markets raised their price objective on Moody’s Corporation from $143.00 to $146.00 and gave the stock a “market perform” rating in a research note on Monday, November 6th. Finally, Argus raised their price objective on Moody’s Corporation to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $151.89.

Shares of Moody’s Corporation (NYSE:MCO) opened at $149.46 on Wednesday. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $149.63. The company has a market capitalization of $28,342.04, a PE ratio of 25.88, a P/E/G ratio of 2.63 and a beta of 1.35. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15.

Moody’s Corporation (NYSE:MCO) last issued its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $992.81 million. During the same period in the previous year, the company posted $1.34 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. equities analysts anticipate that Moody’s Corporation will post 5.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, November 20th. Moody’s Corporation’s dividend payout ratio is currently 54.29%.

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In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the sale, the director now directly owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,716 shares of company stock valued at $6,703,384 over the last three months. Corporate insiders own 1.17% of the company’s stock.

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.

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

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