Ameriprise Financial Inc. trimmed its holdings in Moody's Co. (NYSE:MCO) by 7.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 187,418 shares of the business services provider’s stock after selling 15,668 shares during the quarter. Ameriprise Financial Inc. owned 0.10% of Moody's worth $26,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Moody's by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 1,954 shares of the business services provider’s stock valued at $238,000 after buying an additional 5 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in Moody's by 0.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after buying an additional 8 shares during the last quarter. BRYN MAWR TRUST Co raised its holdings in Moody's by 0.7% during the 2nd quarter. BRYN MAWR TRUST Co now owns 6,386 shares of the business services provider’s stock valued at $777,000 after buying an additional 45 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Moody's by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,365 shares of the business services provider’s stock valued at $1,505,000 after buying an additional 52 shares during the last quarter. Finally, Blue Edge Capital LLC raised its holdings in Moody's by 0.6% during the 2nd quarter. Blue Edge Capital LLC now owns 9,264 shares of the business services provider’s stock valued at $1,127,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 87.49% of the company’s stock.

In related news, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. 1.17% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on MCO shares. Zacks Investment Research lowered shares of Moody's from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. UBS upped their price objective on shares of Moody's from $138.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, August 18th. Credit Suisse Group restated a “neutral” rating and issued a $137.00 price objective (up from $131.00) on shares of Moody's in a report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and issued a $136.00 price objective (up from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Finally, Barclays upped their price objective on shares of Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Six investment 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. Moody's currently has a consensus rating of “Buy” and a consensus target price of $151.89.

Shares of Moody's Co. (MCO) traded down $0.54 during midday trading on Friday, reaching $151.73. 801,900 shares of the company’s stock traded hands, compared to its average volume of 838,620. 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 Co. has a 1-year low of $93.51 and a 1-year high of $153.86. The company has a market cap of $29,098.80, a price-to-earnings ratio of 26.57, a PEG ratio of 2.70 and a beta of 1.36.

Moody's (NYSE:MCO) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $992.81 million. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. research analysts expect that Moody's Co. 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. Stockholders of record on Tuesday, November 21st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 20th. Moody's’s dividend payout ratio is presently 54.29%.

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About Moody's

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 (NYSE:MCO)

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