State of Wisconsin Investment Board reduced its stake in Moody’s Corporation (NYSE:MCO) by 46.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,535 shares of the business services provider’s stock after selling 132,832 shares during the period. State of Wisconsin Investment Board owned approximately 0.08% of Moody’s Corporation worth $21,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MCO. Thrivent Financial For Lutherans grew its stake in shares of Moody’s Corporation by 5.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,090 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 310 shares during the period. Dimensional Fund Advisors LP grew its position in Moody’s Corporation by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 356,971 shares of the business services provider’s stock worth $39,992,000 after acquiring an additional 9,536 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Moody’s Corporation during the 1st quarter worth approximately $101,000. Capstone Asset Management Co. grew its position in Moody’s Corporation by 1.2% during the 2nd quarter. Capstone Asset Management Co. now owns 14,074 shares of the business services provider’s stock worth $1,713,000 after acquiring an additional 172 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Moody’s Corporation by 8.0% during the 2nd quarter. Bank of Montreal Can now owns 354,423 shares of the business services provider’s stock worth $43,126,000 after acquiring an additional 26,208 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

Moody’s Corporation (NYSE:MCO) opened at $142.19 on Friday. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $148.00. 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 stock has a market capitalization of $27,172.51, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.52 and a beta of 1.35.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.15. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. During the same quarter in the prior year, the business earned $1.34 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities analysts expect that Moody’s Corporation will post 5.94 earnings per share for the current 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. This represents a $1.52 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s Corporation’s dividend payout ratio is 54.29%.

In other news, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the transaction, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. 1.17% of the stock is currently owned by corporate insiders.

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A number of equities research analysts recently commented on MCO shares. Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, July 17th. Argus increased their price target on Moody’s Corporation to $165.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays PLC increased their price target on Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $131.00 price target (up from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $149.00 price target (up from $140.00) on shares of Moody’s Corporation in a research report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $150.22.

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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