Carillon Tower Advisers Inc. raised its holdings in Moody’s Co. (NYSE:MCO) by 10.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,315 shares of the business services provider’s stock after purchasing an additional 33,650 shares during the period. Carillon Tower Advisers Inc.’s holdings in Moody’s were worth $71,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Trust Advisors LP raised its position in shares of Moody’s by 14.7% in the 3rd quarter. First Trust Advisors LP now owns 339,981 shares of the business services provider’s stock valued at $69,638,000 after purchasing an additional 43,556 shares in the last quarter. Bartlett & Co. LLC acquired a new position in shares of Moody’s in the 3rd quarter valued at approximately $522,000. Abacus Planning Group Inc. bought a new stake in shares of Moody’s in the 3rd quarter valued at approximately $314,000. Boston Private Wealth LLC bought a new stake in shares of Moody’s in the 3rd quarter valued at approximately $207,000. Finally, Parallel Advisors LLC increased its holdings in shares of Moody’s by 9.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,774 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 148 shares during the last quarter. 90.27% of the stock is currently owned by institutional investors.

In related news, insider Mark Almeida sold 27,236 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total transaction of $5,639,486.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $212.71, for a total value of $791,493.91. Following the transaction, the insider now owns 48,382 shares of the company’s stock, valued at $10,291,335.22. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

MCO has been the subject of a number of research analyst reports. Argus boosted their price target on Moody’s to $240.00 and gave the company a “buy” rating in a report on Monday, August 5th. Stifel Nicolaus boosted their price target on Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, August 1st. UBS Group boosted their price target on Moody’s from $245.00 to $257.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays reiterated a “buy” rating on shares of Moody’s in a report on Sunday, August 4th. Finally, BMO Capital Markets boosted their price target on Moody’s to $230.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Moody’s currently has an average rating of “Hold” and a consensus price target of $208.91.

Shares of MCO opened at $218.13 on Friday. The company has a market cap of $40.23 billion, a P/E ratio of 29.52, a PEG ratio of 2.61 and a beta of 1.24. The stock has a fifty day moving average price of $212.98 and a 200 day moving average price of $203.72. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.42 and a quick ratio of 1.71. Moody’s Co. has a 12 month low of $129.26 and a 12 month high of $223.82.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.16. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.69 EPS. As a group, research analysts anticipate that Moody’s Co. will post 8.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. Moody’s’s payout ratio is currently 27.06%.

Moody’s Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

Further Reading: What does an outperform rating mean?

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO).

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

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.