Moody’s Corporation (MCO) Holdings Reduced by Veritas Investment Management LLP

Veritas Investment Management LLP decreased its holdings in Moody’s Corporation (NYSE:MCO) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,100 shares of the business services provider’s stock after selling 870 shares during the quarter. Moody’s Corporation makes up approximately 0.4% of Veritas Investment Management LLP’s holdings, making the stock its 15th largest holding. Veritas Investment Management LLP’s holdings in Moody’s Corporation were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Moody’s Corporation in the 1st quarter valued at about $101,000. IFP Advisors Inc lifted its stake in shares of Moody’s Corporation by 78.1% in the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 502 shares in the last quarter. Sun Life Financial INC lifted its stake in shares of Moody’s Corporation by 12,200.0% in the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of Moody’s Corporation by 0.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 8 shares in the last quarter. Finally, Smithfield Trust Co. lifted its stake in shares of Moody’s Corporation by 6.7% in the 2nd quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 88.50% of the company’s stock.

Moody’s Corporation (NYSE:MCO) traded down $0.04 during trading on Tuesday, reaching $142.15. The company had a trading volume of 492,200 shares, compared to its average volume of 846,447. The firm has a market cap of $27,060.00, a price-to-earnings ratio of 24.82, a PEG ratio of 2.52 and a beta of 1.35. 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 has a 12-month low of $93.51 and a 12-month high of $148.00.

Moody’s Corporation (NYSE:MCO) last announced its earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. During the same period in the prior year, the company posted $1.34 EPS. Moody’s Corporation’s quarterly revenue was up 15.9% on a year-over-year basis. sell-side analysts anticipate that Moody’s Corporation will post 5.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s Corporation’s payout ratio is 54.68%.

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Moody’s Corporation in a research note on Monday, November 6th. UBS AG lifted their price objective on Moody’s Corporation from $142.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Credit Suisse Group lifted their price objective on Moody’s Corporation from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. BMO Capital Markets lifted their price objective on Moody’s Corporation from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Argus lifted their price objective on Moody’s Corporation to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $150.22.

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In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred 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 directly owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction that occurred 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 $39,216,309.60. The disclosure for this sale can be found here. Corporate insiders own 1.17% of the company’s stock.

About Moody’s Corporation

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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