1,505 Shares in Moody’s Corporation (MCO) Purchased by Empirical Finance LLC

Empirical Finance LLC purchased a new position in shares of Moody’s Corporation (NYSE:MCO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,505 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCO. Fiera Capital Corp grew its holdings in Moody’s Corporation by 17.8% during 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. Parametric Portfolio Associates LLC grew its holdings in Moody’s Corporation by 250.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,134,858 shares of the business services provider’s stock worth $138,090,000 after acquiring an additional 810,843 shares in the last quarter. Vanguard Group Inc. grew its holdings in Moody’s Corporation by 2.9% during 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. Northwestern Mutual Investment Management Company LLC grew its holdings in Moody’s Corporation by 974.4% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 360,502 shares of the business services provider’s stock worth $33,783,000 after acquiring an additional 326,947 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its holdings in Moody’s Corporation by 3,117.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 311,771 shares of the business services provider’s stock worth $37,936,000 after acquiring an additional 302,082 shares in the last quarter. Institutional investors own 88.73% of the company’s stock.

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MCO has been the subject of several analyst reports. Zacks Investment Research cut shares of Moody’s Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BMO Capital Markets boosted their price objective on shares of Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Cantor Fitzgerald restated a “neutral” rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Barclays PLC restated an “equal weight” rating and set a $135.00 price objective (up previously from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Finally, Morgan Stanley restated an “equal weight” rating and set a $131.00 price objective (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $144.00.

Shares of Moody’s Corporation (NYSE:MCO) traded down $0.45 on Monday, reaching $145.84. 7,793 shares of the company’s stock traded hands, compared to its average volume of 741,878. The company has a current ratio of 1.15, a quick ratio of 3.69 and a debt-to-equity ratio of -36.49. The company has a market capitalization of $27,941.39, a price-to-earnings ratio of 25.53, a PEG ratio of 2.59 and a beta of 1.35.

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 consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. Moody’s Corporation had a net margin of 13.73% and a negative return on equity of 187.20%. Moody’s Corporation’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. sell-side analysts forecast that Moody’s Corporation will post 5.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid 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 dividend yield of 1.04%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 54.29%.

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

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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