Sarasin & Partners LLP decreased its stake in Moody’s Corp. (NYSE:MCO) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,297 shares of the company’s stock after selling 4,819 shares during the period. Sarasin & Partners LLP owned approximately 0.24% of Moody’s Corp. worth $50,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCO. Hartford Investment Management Co. raised its position in shares of Moody’s Corp. by 10.3% in the second quarter. Hartford Investment Management Co. now owns 47,945 shares of the company’s stock valued at $4,493,000 after buying an additional 4,469 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Moody’s Corp. by 0.3% in the second quarter. Nordea Investment Management AB now owns 114,179 shares of the company’s stock valued at $10,700,000 after buying an additional 294 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Moody’s Corp. during the second quarter valued at about $19,117,000. Nisa Investment Advisors LLC raised its position in shares of Moody’s Corp. by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 83,488 shares of the company’s stock valued at $7,824,000 after buying an additional 4,045 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position 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 in the last quarter. 85.32% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Moody’s Corp. (NYSE:MCO) traded up 0.30% during mid-day trading on Wednesday, hitting $101.39. 22,172 shares of the stock traded hands. The company has a market capitalization of $19.38 billion, a PE ratio of 21.87 and a beta of 1.36. Moody’s Corp. has a 1-year low of $77.76 and a 1-year high of $110.83. The company’s 50-day moving average price is $102.35 and its 200 day moving average price is $102.50.

Moody’s Corp. (NYSE:MCO) last released its quarterly earnings results on Friday, October 21st. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.16. The business had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $894.05 million. Moody’s Corp. had a net margin of 25.88% and a negative return on equity of 260.34%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. Equities research analysts forecast that Moody’s Corp. will post $4.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 21st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, November 17th. Moody’s Corp.’s dividend payout ratio (DPR) is currently 31.97%.

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Several research analysts have weighed in on MCO shares. Credit Suisse Group AG started coverage on shares of Moody’s Corp. in a report on Sunday, November 20th. They set a “neutral” rating and a $94.00 price objective on the stock. Morgan Stanley set a $112.00 price objective on shares of Moody’s Corp. and gave the stock a “buy” rating in a report on Friday, August 5th. Cantor Fitzgerald set a $105.00 price objective on shares of Moody’s Corp. and gave the stock a “hold” rating in a report on Friday, October 21st. Zacks Investment Research upgraded shares of Moody’s Corp. from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Wednesday, October 5th. Finally, BMO Capital Markets restated a “market perform” rating and set a $112.00 price objective (up previously from $104.00) on shares of Moody’s Corp. in a report on Friday, September 30th. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Moody’s Corp. currently has a consensus rating of “Hold” and an average price target of $108.32.

In related news, insider Robert Fauber sold 1,970 shares of Moody’s Corp. stock in a transaction on Friday, September 30th. The shares were sold at an average price of $108.37, for a total value of $213,488.90. Following the sale, the insider now owns 41,074 shares in the company, valued at $4,451,189.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 7,000 shares of Moody’s Corp. stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $108.11, for a total transaction of $756,770.00. Following the completion of the sale, the insider now owns 227,762 shares in the company, valued at approximately $24,623,349.82. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by corporate insiders.

About Moody’s Corp.

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

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