Moody’s Corporation (MCO) Stake Lowered by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lessened its position in Moody’s Corporation (NYSE:MCO) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,822 shares of the business services provider’s stock after selling 1,078 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Moody’s Corporation were worth $1,784,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MCO. Fiera Capital Corp boosted its stake in shares of 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 valued at $705,010,000 after purchasing an additional 876,210 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Moody’s Corporation by 250.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock valued at $138,090,000 after purchasing an additional 810,843 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 valued at $1,971,623,000 after purchasing an additional 463,669 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Moody’s Corporation by 974.4% in the 2nd 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 purchasing an additional 326,947 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in shares of Moody’s Corporation by 3,117.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock valued at $37,936,000 after purchasing an additional 302,082 shares in the last quarter. Institutional investors own 88.83% of the company’s stock.

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Several equities research analysts have recently commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $143.00 target price on shares of Moody’s Corporation in a research note on Friday, October 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Moody’s Corporation in a report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $149.00 price target (up from $140.00) on shares of Moody’s Corporation in a report on Wednesday, October 4th. Barclays PLC lifted their price target on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $137.00 price target (up from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $141.50.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the sale, the director now directly owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders have sold a total of 90,932 shares of company stock valued at $11,969,604 over the last three months. Company insiders own 1.17% of the company’s stock.

Moody’s Corporation (NYSE:MCO) opened at $146.29 on Friday. The firm has a market cap of $27,941.39, a PE ratio of 25.53, a PEG ratio of 2.69 and a beta of 1.35. The company has a quick ratio of 3.69, a current ratio of 3.68 and a debt-to-equity ratio of -10.45.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 EPS. equities analysts predict that Moody’s Corporation will post 5.95 EPS for the current fiscal 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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 annualized dividend and a yield of 1.04%. Moody’s Corporation’s dividend payout ratio is currently 54.29%.

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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