Aperio Group LLC Sells 7,270 Shares of Moody’s Corporation (MCO)

Aperio Group LLC cut its holdings in Moody’s Corporation (NYSE:MCO) by 8.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,968 shares of the business services provider’s stock after selling 7,270 shares during the period. Aperio Group LLC’s holdings in Moody’s Corporation were worth $11,689,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Moody’s Corporation by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock worth $43,846,000 after purchasing an additional 3,364 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Moody’s Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after purchasing an additional 463,669 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in Moody’s Corporation by 4.2% in the second quarter. State Treasurer State of Michigan now owns 159,015 shares of the business services provider’s stock worth $19,349,000 after purchasing an additional 6,400 shares in the last quarter. Fiera Capital Corp boosted its holdings in Moody’s Corporation by 17.8% in the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after purchasing an additional 876,210 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in Moody’s Corporation by 11.7% in the second quarter. State of Tennessee Treasury Department now owns 50,640 shares of the business services provider’s stock worth $6,162,000 after purchasing an additional 5,316 shares in the last quarter. Hedge funds and other institutional investors own 88.83% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a $0.38 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.52 annualized dividend and a yield of 1.07%. Moody’s Corporation’s payout ratio is currently 61.29%.

A number of brokerages recently issued reports on MCO. BMO Capital Markets reiterated a “hold” rating and issued a $143.00 price objective on shares of Moody’s Corporation in a report on Friday, October 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $135.00 price objective (up from $134.00) on shares of Moody’s Corporation in a report on Friday, October 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $149.00 price objective (up from $140.00) on shares of Moody’s Corporation in a report on Wednesday, October 4th. Barclays PLC upped their price objective on shares of Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $137.00 price objective (up from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $141.50.

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In other news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the transaction, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the transaction, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. Insiders sold a total of 90,932 shares of company stock worth $11,969,604 over the last quarter. Company 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.

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

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