Today, Quantitative Investment Management LLC Buys New Stake in Moody’s Corp. (MCO)

Today, Quantitative Investment Management LLC Buys New Stake in Moody’s Corp. (MCO)

Quantitative Investment Management LLC acquired a new position in Moody’s Corp. (NYSE:MCO) during the third quarter, according to its most recent disclosure with the SEC. The firm acquired 7,400 shares of the company’s stock, valued at approximately $801,000.

A number of other institutional investors have also recently added to or reduced their stakes in MCO. Vanguard Group Inc. increased its position in Moody’s Corp. by 1.2% in the second quarter. Vanguard Group Inc. now owns 14,683,548 shares of the company’s stock worth $1,375,995,000 after buying an additional 174,769 shares in the last quarter. Principal Financial Group Inc. increased its position in Moody’s Corp. by 11.6% in the second quarter. Principal Financial Group Inc. now owns 4,724,417 shares of the company’s stock worth $442,724,000 after buying an additional 491,476 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Moody’s Corp. by 153.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,597,087 shares of the company’s stock worth $430,793,000 after buying an additional 2,785,852 shares in the last quarter. Fiera Capital Corp increased its position in Moody’s Corp. by 1.4% in the second quarter. Fiera Capital Corp now owns 4,088,643 shares of the company’s stock worth $383,146,000 after buying an additional 58,405 shares in the last quarter. Finally, FMR LLC increased its position in Moody’s Corp. by 9.0% in the second quarter. FMR LLC now owns 3,071,380 shares of the company’s stock worth $287,820,000 after buying an additional 253,878 shares in the last quarter. Hedge funds and other institutional investors own 85.95% of the company’s stock.

Moody’s Corp. (NYSE:MCO) opened at 101.02 on Friday. The firm’s 50-day moving average price is $102.56 and its 200 day moving average price is $102.35. The firm has a market cap of $19.31 billion, a P/E ratio of 21.79 and a beta of 1.36. Moody’s Corp. has a one year low of $77.76 and a one year high of $110.83.

Moody’s Corp. (NYSE:MCO) last released its quarterly earnings data on Friday, October 21st. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.16. Moody’s Corp. had a negative return on equity of 260.34% and a net margin of 25.88%. The business had revenue of $917.10 million for the quarter, compared to analysts’ expectations of $894.05 million. During the same quarter in the previous year, the business posted $1.11 EPS. Moody’s Corp.’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Moody’s Corp. will post $4.70 EPS for the current year.

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

MCO has been the topic of a number of research reports. Credit Suisse Group AG initiated coverage on Moody’s Corp. in a report on Sunday, November 20th. They issued a “neutral” rating and a $94.00 price objective on the stock. Morgan Stanley set a $112.00 price objective on Moody’s Corp. and gave the stock a “buy” rating in a report on Friday, August 5th. Cantor Fitzgerald set a $105.00 price objective on Moody’s Corp. and gave the stock a “hold” rating in a report on Friday, October 21st. Zacks Investment Research upgraded Moody’s Corp. from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a report on Wednesday, October 5th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $112.00 price objective (up previously from $104.00) on shares of Moody’s Corp. in a report on Friday, September 30th. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $108.32.

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

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.

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