Tiaa Fsb Has $10.47 Million Stake in Moody’s Corporation (NYSE:MCO)

TIAA FSB boosted its holdings in Moody’s Corporation (NYSE:MCO) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,221 shares of the business services provider’s stock after acquiring an additional 2,222 shares during the period. TIAA FSB’s holdings in Moody’s Corporation were worth $10,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in Moody’s Corporation during the 1st quarter worth $101,000. American Beacon Advisors Inc. bought a new position in Moody’s Corporation during the 1st quarter worth $108,000. IFP Advisors Inc increased its position in Moody’s Corporation by 78.1% during the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after buying an additional 502 shares during the period. Sun Life Financial INC increased its position in Moody’s Corporation by 12,200.0% during the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after buying an additional 1,220 shares during the period. Finally, Salem Investment Counselors Inc. increased its position in Moody’s Corporation by 0.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the stock in a transaction dated Friday, September 29th. The stock was 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 directly owns 21,804 shares in the company, valued at $3,017,891.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction dated 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 owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.

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Several research firms have weighed in on MCO. Argus increased their price objective on Moody’s Corporation to $165.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets increased their price objective on Moody’s Corporation from $143.00 to $146.00 and gave the stock a “market perform” rating in a research report on Monday, November 6th. Credit Suisse Group increased their price objective on Moody’s Corporation from $137.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. UBS AG increased their price objective on Moody’s Corporation from $142.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $148.00 price objective on shares of Moody’s Corporation in a research report on Monday, November 6th. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Moody’s Corporation currently has an average rating of “Hold” and an average target price of $150.22.

Moody’s Corporation (NYSE:MCO) traded down $0.90 on Friday, hitting $142.19. The stock had a trading volume of 546,600 shares, compared to its average volume of 848,072. The firm has a market cap of $27,344.50, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.54 and a beta of 1.35. The company has a current ratio of 1.15, a quick ratio of 3.69 and a debt-to-equity ratio of -36.49. 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 released its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. Moody’s Corporation’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. equities analysts anticipate that Moody’s Corporation will post 5.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, November 20th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 54.29%.

Moody’s Corporation Company 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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