Moody’s Corporation (MCO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Moody’s Corporation (NYSE:MCO) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,530,545 shares of the business services provider’s stock after selling 20,880 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Moody’s Corporation worth $213,067,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in MCO. Dimensional Fund Advisors LP grew its stake in Moody’s Corporation by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 356,971 shares of the business services provider’s stock valued at $39,992,000 after acquiring an additional 9,536 shares during the period. Creative Planning grew its stake in Moody’s Corporation by 1.7% in the 2nd quarter. Creative Planning now owns 7,826 shares of the business services provider’s stock valued at $952,000 after acquiring an additional 130 shares during the period. State of Alaska Department of Revenue grew its stake in Moody’s Corporation by 106.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,090 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 1,080 shares during the period. Eqis Capital Management Inc. boosted its stake in Moody’s Corporation by 15.3% during the 2nd quarter. Eqis Capital Management Inc. now owns 3,276 shares of the business services provider’s stock worth $399,000 after purchasing an additional 435 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Moody’s Corporation by 2.7% during the 2nd quarter. LS Investment Advisors LLC now owns 5,269 shares of the business services provider’s stock worth $641,000 after purchasing an additional 140 shares during the last quarter. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

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

COPYRIGHT VIOLATION WARNING: “Moody’s Corporation (MCO) Shares Sold by Bank of New York Mellon Corp” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/11/19/moodys-corporation-mco-shares-sold-by-bank-of-new-york-mellon-corp.html.

Shares of Moody’s Corporation (MCO) opened at $146.79 on Friday. The stock has a market cap of $28,051.57, a PE ratio of 25.62, a P/E/G ratio of 2.60 and a beta of 1.35. Moody’s Corporation has a fifty-two week low of $93.51 and a fifty-two week high of $148.00. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.15. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. Moody’s Corporation had a net margin of 13.73% and a negative return on equity of 187.20%. Moody’s Corporation’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS. equities analysts predict that Moody’s Corporation will post 5.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a $0.38 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.52 annualized dividend and a yield of 1.04%. Moody’s Corporation’s dividend payout ratio (DPR) is currently 54.29%.

MCO has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $128.00 target price (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $131.00 target price (up previously from $122.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. UBS AG reaffirmed a “neutral” rating and set a $138.00 target price (up previously from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $151.89.

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.

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 Corporation (NYSE:MCO).

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

Receive News & Ratings for Moody's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply