Crossmark Global Holdings Inc. purchased a new position in Moody’s Corporation (NYSE:MCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,347 shares of the business services provider’s stock, valued at approximately $1,997,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Moody’s Corporation by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock worth $43,846,000 after acquiring an additional 3,364 shares in the last quarter. Vanguard Group Inc. increased its holdings in Moody’s Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after acquiring an additional 463,669 shares in the last quarter. State Treasurer State of Michigan increased its holdings in Moody’s Corporation by 4.2% in the 2nd quarter. State Treasurer State of Michigan now owns 159,015 shares of the business services provider’s stock worth $19,349,000 after acquiring an additional 6,400 shares in the last quarter. Fiera Capital Corp increased its holdings in Moody’s Corporation by 17.8% in the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after acquiring an additional 876,210 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Moody’s Corporation by 11.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 50,640 shares of the business services provider’s stock worth $6,162,000 after acquiring an additional 5,316 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

Shares of Moody’s Corporation (MCO) opened at $144.51 on Tuesday. The firm has a market capitalization of $27,941.39, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.35. The company has a current ratio of 1.15, a quick ratio of 3.69 and a debt-to-equity ratio of -36.49.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.15. Moody’s Corporation had a net margin of 13.73% and a negative return on equity of 187.20%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $992.81 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Moody’s Corporation’s quarterly revenue was up 15.9% on a year-over-year basis. analysts predict that Moody’s Corporation will post 5.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s Corporation’s dividend payout ratio is currently 54.29%.

Several brokerages recently commented on MCO. BMO Capital Markets boosted their price target on shares of Moody’s Corporation from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Monday. Credit Suisse Group upped their target price on shares of Moody’s Corporation from $137.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday. UBS AG upped their target price on shares of Moody’s Corporation from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 target price on shares of Moody’s Corporation in a report on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Moody’s Corporation in a report on Friday, October 6th. Seven research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Moody’s Corporation has a consensus rating of “Hold” and an average price target of $148.38.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the sale, the insider now owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s 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 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 disclosure for this sale can be found here. Corporate insiders own 1.17% of the company’s stock.

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Moody’s Corporation 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 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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