Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Moody’s Corporation (NYSE:MCO) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,909 shares of the business services provider’s stock after selling 412 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Moody’s Corporation were worth $5,834,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its holdings in Moody’s Corporation by 78.1% during the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after buying an additional 502 shares during the period. Sun Life Financial INC increased its holdings in Moody’s Corporation by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after buying an additional 1,220 shares during the period. Salem Investment Counselors Inc. increased its holdings in Moody’s Corporation by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after buying an additional 8 shares during the period. Smithfield Trust Co. increased its holdings in Moody’s Corporation by 6.7% during the second quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after buying an additional 90 shares during the period. Finally, Walter & Keenan Financial Consulting Co. MI ADV purchased a new position in Moody’s Corporation during the second quarter valued at approximately $200,000. 88.50% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Barclays PLC raised shares of Moody’s Corporation from an “equal weight” rating to an “overweight” rating and set a $150.00 price objective on the stock in a report on Friday. Argus lifted their price objective on shares of Moody’s Corporation to $165.00 and gave the company a “buy” rating in a report on Thursday, November 9th. BMO Capital Markets raised their target price on shares of Moody’s Corporation from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Credit Suisse Group raised their target price on shares of Moody’s Corporation from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, UBS AG raised their target price on shares of Moody’s Corporation from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s Corporation currently has a consensus rating of “Buy” and an average price target of $150.22.

In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 21,804 shares in the company, valued at $3,017,891.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction 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 transaction, the insider now owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The disclosure for this sale can be found here. Insiders own 1.17% of the company’s stock.

Moody’s Corporation (NYSE:MCO) traded up $2.13 during trading hours on Friday, hitting $144.09. 789,200 shares of the stock traded hands, compared to its average volume of 843,268. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $148.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. The firm has a market capitalization of $27,590.00, a P/E ratio of 24.77, a P/E/G ratio of 2.52 and a beta of 1.35.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. Moody’s Corporation had a net margin of 13.73% and a negative return on equity of 187.20%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. research analysts forecast that Moody’s Corporation will post 5.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.38 per share. The ex-dividend date is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. Moody’s Corporation’s dividend payout ratio is presently 54.68%.

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About Moody’s Corporation

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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