Wells Fargo & Company MN increased its position in shares of Moody's Co. (NYSE:MCO) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,359 shares of the business services provider’s stock after purchasing an additional 50,364 shares during the quarter. Wells Fargo & Company MN owned 0.20% of Moody's worth $53,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MCO. Fiera Capital Corp lifted its stake in Moody's by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after purchasing an additional 876,210 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Moody's by 250.2% in the second quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after buying an additional 810,843 shares during the last quarter. Vanguard Group Inc. lifted its stake in Moody's by 2.9% in the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after buying an additional 463,669 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Moody's by 974.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 360,502 shares of the business services provider’s stock valued at $33,783,000 after buying an additional 326,947 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in Moody's by 3,117.8% in the second quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock valued at $37,936,000 after buying an additional 302,082 shares during the last quarter. Hedge funds and other institutional investors own 87.49% of the company’s stock.

A number of research firms have issued reports on MCO. BMO Capital Markets reiterated a “hold” rating and issued a $143.00 target price on shares of Moody's in a research note on Friday, October 13th. Zacks Investment Research upgraded Moody's from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “hold” rating and issued a $149.00 target price (up from $140.00) on shares of Moody's in a research note on Wednesday, October 4th. Cantor Fitzgerald reiterated a “hold” rating and issued a $148.00 target price on shares of Moody's in a research note on Sunday, November 19th. Finally, Barclays upgraded Moody's from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $150.00 to $165.00 in a research note on Friday, November 17th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $151.89.

In other news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the transaction, the director now directly 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 is available through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by company insiders.

Shares of Moody's Co. (NYSE MCO) traded up $0.66 on Friday, hitting $152.39. The stock had a trading volume of 513,388 shares, compared to its average volume of 679,108. The firm has a market capitalization of $29,121.73, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.70 and a beta of 1.36. 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 Co. has a 52 week low of $93.51 and a 52 week high of $153.86.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 20th. Moody's’s dividend payout ratio (DPR) is 54.29%.

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Moody's 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 (NYSE:MCO)

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