Mutual of America Capital Management LLC raised its stake in shares of Moody’s Corp. (NYSE:MCO) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,849 shares of the company’s stock after buying an additional 229 shares during the period. Mutual of America Capital Management LLC’s holdings in Moody’s Corp. were worth $2,149,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Aberdeen Asset Management PLC UK raised its stake in shares of Moody’s Corp. by 8.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 343,000 shares of the company’s stock valued at $32,143,000 after buying an additional 26,329 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Moody’s Corp. during the second quarter valued at about $148,773,000. Eagle Asset Management Inc. acquired a new stake in shares of Moody’s Corp. during the second quarter valued at about $19,117,000. Oakwood Capital Management LLC CA acquired a new stake in shares of Moody’s Corp. during the second quarter valued at about $4,503,000. Finally, Capstone Asset Management Co. raised its stake in shares of Moody’s Corp. by 2.3% in the second quarter. Capstone Asset Management Co. now owns 16,902 shares of the company’s stock valued at $1,584,000 after buying an additional 375 shares during the period. 85.32% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Moody’s Corp. (NYSE:MCO) traded up 0.20% on Tuesday, reaching $101.09. 714,458 shares of the company traded hands. The firm’s 50 day moving average is $102.35 and its 200 day moving average is $102.50. The company has a market capitalization of $19.33 billion, a P/E ratio of 21.80 and a beta of 1.36. Moody’s Corp. has a one year low of $77.76 and a one year high of $110.83.

Moody’s Corp. (NYSE:MCO) last posted its earnings results on Friday, October 21st. The company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. Moody’s Corp. had a negative return on equity of 260.34% and a net margin of 25.88%. The company earned $917.10 million during the quarter, compared to the consensus estimate of $894.05 million. During the same quarter last year, the firm earned $1.11 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Analysts expect that Moody’s Corp. will post $4.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 21st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, November 17th. Moody’s Corp.’s dividend payout ratio is currently 31.97%.

TRADEMARK VIOLATION WARNING: “Mutual of America Capital Management LLC Has $2,149,000 Position in Moody’s Corp. (MCO)” was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.thecerbatgem.com/2016/11/29/mutual-of-america-capital-management-llc-has-2149000-position-in-moodys-corp-mco.html.

MCO has been the topic of several analyst reports. Barclays PLC lowered their price target on shares of Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, August 23rd. Credit Suisse Group AG started coverage on shares of Moody’s Corp. in a report on Sunday, November 20th. They issued a “neutral” rating and a $94.00 target price on the stock. Zacks Investment Research raised shares of Moody’s Corp. from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Wednesday, October 5th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody’s Corp. in a report on Friday, August 19th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $112.00 target price (up previously from $104.00) on shares of Moody’s Corp. in a report on Friday, September 30th. Seven 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. The company has a consensus rating of “Hold” and a consensus target price of $108.32.

In other news, VP Linda Huber sold 182,595 shares of Moody’s Corp. stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $110.13, for a total transaction of $20,109,187.35. Following the completion of the sale, the vice president now owns 63,637 shares of the company’s stock, valued at $7,008,342.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Fauber sold 625 shares of Moody’s Corp. stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $99.73, for a total value of $62,331.25. Following the sale, the insider now directly owns 41,296 shares of the company’s stock, valued at approximately $4,118,450.08. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.

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

5 Day Chart for NYSE:MCO

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