Todays Report: Today, 204 Shares of Moody’s Corp. (MCO) are sold by Homrich & Berg

Today, 204 Shares of Moody’s Corp. (MCO) are sold by Homrich & Berg

Homrich & Berg reduced its position in Moody’s Corp. (NYSE:MCO) by 8.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,263 shares of the company’s stock after selling 204 shares during the period. Homrich & Berg’s holdings in Moody’s Corp. were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MCO. Commonwealth Equity Services Inc boosted its position in shares of Moody’s Corp. by 0.8% in the second quarter. Commonwealth Equity Services Inc now owns 3,552 shares of the company’s stock valued at $333,000 after buying an additional 27 shares during the period. MSI Financial Services Inc boosted its position in shares of Moody’s Corp. by 1.1% in the third quarter. MSI Financial Services Inc now owns 2,568 shares of the company’s stock valued at $278,000 after buying an additional 27 shares during the period. Conning Inc. boosted its position in shares of Moody’s Corp. by 0.9% in the third quarter. Conning Inc. now owns 4,353 shares of the company’s stock valued at $471,000 after buying an additional 40 shares during the period. Nippon Life Insurance Co. boosted its position in shares of Moody’s Corp. by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 17,116 shares of the company’s stock valued at $1,604,000 after buying an additional 43 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Moody’s Corp. by 3.3% in the third quarter. Fisher Asset Management LLC now owns 2,335 shares of the company’s stock valued at $253,000 after buying an additional 75 shares in the last quarter. 85.95% of the stock is owned by institutional investors and hedge funds.

Moody’s Corp. (NYSE:MCO) traded up 0.03% during midday trading on Friday, hitting $100.89. The stock had a trading volume of 180,630 shares. The company has a market capitalization of $19.29 billion, a PE ratio of 21.76 and a beta of 1.36. The stock’s 50-day moving average is $102.78 and its 200-day moving average is $102.31. Moody’s Corp. has a 1-year low of $77.76 and a 1-year high of $110.83.

Moody’s Corp. (NYSE:MCO) last posted its quarterly earnings data on Friday, October 21st. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.18 by $0.16. The firm earned $917.10 million during the quarter, compared to analyst estimates of $894.05 million. Moody’s Corp. had a negative return on equity of 260.34% and a net margin of 25.88%. Moody’s Corp.’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 EPS. Equities research analysts forecast that Moody’s Corp. will post $4.70 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 21st will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 17th. This represents a $1.48 annualized dividend and a dividend yield of 1.47%. Moody’s Corp.’s dividend payout ratio (DPR) is 31.97%.

MCO has been the subject of several research analyst reports. Morgan Stanley set a $112.00 price objective on Moody’s Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Argus lifted their price objective on Moody’s Corp. from $110.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Cantor Fitzgerald reissued a “hold” rating on shares of Moody’s Corp. in a research note on Friday, August 19th. Barclays PLC dropped their price objective on Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, August 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $112.00 price objective (up previously from $104.00) on shares of Moody’s Corp. in a research note on Friday, September 30th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $108.32.

In other Moody’s Corp. news, VP Linda Huber sold 182,595 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $110.13, for a total value of $20,109,187.35. Following the completion of the sale, the vice president now owns 63,637 shares in the company, valued at approximately $7,008,342.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Fauber sold 625 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $99.73, for a total value of $62,331.25. Following the completion of the sale, the insider now owns 41,296 shares of the company’s stock, valued at approximately $4,118,450.08. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.

About Moody’s Corp.

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 outsourced research and analytical services to financial institution customers.

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Corp. (NYSE:MCO).

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