Rhumbline Advisers reduced its stake in shares of Moody’s Corporation (NYSE:MCO) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,106 shares of the business services provider’s stock after selling 4,833 shares during the period. Rhumbline Advisers owned 0.17% of Moody’s Corporation worth $45,815,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Moody’s Corporation by 32.0% during the 3rd quarter. Advisor Group Inc. now owns 12,506 shares of the business services provider’s stock worth $1,741,000 after acquiring an additional 3,035 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Moody’s Corporation by 11.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,573 shares of the business services provider’s stock worth $2,307,000 after acquiring an additional 1,758 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Moody’s Corporation by 12.1% during the 3rd quarter. Toronto Dominion Bank now owns 63,286 shares of the business services provider’s stock worth $8,809,000 after acquiring an additional 6,840 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Moody’s Corporation during the 3rd quarter worth about $9,351,000. Finally, AKO Capital LLP lifted its holdings in shares of Moody’s Corporation by 2.3% during the 3rd quarter. AKO Capital LLP now owns 355,453 shares of the business services provider’s stock worth $49,483,000 after acquiring an additional 7,943 shares during the period. Institutional investors and hedge funds own 88.50% of the company’s stock.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the completion of the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. 1.17% of the stock is owned by company insiders.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. UBS AG raised their price target on shares of Moody’s Corporation from $142.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Cantor Fitzgerald restated a “hold” rating and issued a $148.00 price target on shares of Moody’s Corporation in a report on Monday, November 6th. Credit Suisse Group raised their price target on shares of Moody’s Corporation from $137.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, Argus raised their price target on shares of Moody’s Corporation to $165.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $150.22.

Shares of Moody’s Corporation (MCO) traded down $1.18 during trading hours on Thursday, reaching $141.96. 619,500 shares of the company’s stock traded hands, compared to its average volume of 843,512. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. Moody’s Corporation has a one year low of $93.51 and a one year high of $148.00. The firm has a market capitalization of $27,354.05, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.54 and a beta of 1.35.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. During the same quarter last year, the company earned $1.34 earnings per share. Moody’s Corporation’s revenue for the quarter was up 15.9% on a year-over-year basis. equities research analysts anticipate that Moody’s Corporation will post 5.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, November 20th. Moody’s Corporation’s dividend payout ratio (DPR) is 54.29%.

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Moody’s Corporation 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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