Prudential Financial Inc. raised its position in Moody’s Corporation (NYSE:MCO) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,412 shares of the business services provider’s stock after purchasing an additional 795 shares during the quarter. Prudential Financial Inc. owned 0.12% of Moody’s Corporation worth $32,494,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Progressive Investment Management Corp increased its position in shares of Moody’s Corporation by 1.6% during the third quarter. Progressive Investment Management Corp now owns 32,803 shares of the business services provider’s stock worth $4,567,000 after acquiring an additional 516 shares during the period. State of Tennessee Treasury Department increased its position in shares of Moody’s Corporation by 24.1% during the third quarter. State of Tennessee Treasury Department now owns 62,834 shares of the business services provider’s stock worth $8,747,000 after acquiring an additional 12,194 shares during the period. Empirical Finance LLC purchased a new position in shares of Moody’s Corporation during the third quarter worth approximately $210,000. Frontier Capital Management Co. LLC increased its position in shares of Moody’s Corporation by 1.3% during the third quarter. Frontier Capital Management Co. LLC now owns 374,159 shares of the business services provider’s stock worth $52,087,000 after acquiring an additional 4,983 shares during the period. Finally, Parametrica Management Ltd purchased a new position in shares of Moody’s Corporation during the third quarter worth approximately $224,000. 88.50% of the stock is currently owned by institutional investors.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation 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 completion of the sale, the insider now directly owns 292,310 shares in the company, valued at $39,216,309.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell Duffie sold 500 shares of Moody’s Corporation 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 sale, the director now 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 own 1.17% of the company’s stock.

Shares of Moody’s Corporation (NYSE MCO) opened at $143.14 on Wednesday. The firm has a market cap of $27,164.87, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.52 and a beta of 1.35. Moody’s Corporation has a one year low of $93.51 and a one 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.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities research analysts anticipate that Moody’s Corporation will post 5.94 EPS for the current year.

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.06%. Moody’s Corporation’s payout ratio is currently 54.29%.

A number of research firms have recently issued reports on MCO. Credit Suisse Group reiterated a “neutral” rating and set a $137.00 price objective (up from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. reiterated a “market perform” rating and set a $136.00 price objective (up from $135.00) on shares of Moody’s Corporation in a research note on Wednesday, September 6th. Barclays PLC increased their price objective on shares of Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, September 15th. Morgan Stanley reiterated an “equal weight” rating and set a $131.00 price objective (up from $122.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Finally, UBS AG reiterated a “neutral” rating and set a $138.00 price objective (up from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s Corporation presently has an average rating of “Hold” and a consensus target price of $150.22.

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Moody’s Corporation Company 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.

Institutional Ownership by Quarter for Moody`s Corporation (NYSE:MCO)

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