Teacher Retirement System of Texas Buys 8,652 Shares of Moody’s Corporation (MCO)

Teacher Retirement System of Texas lifted its stake in shares of Moody’s Corporation (NYSE:MCO) by 186.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,293 shares of the business services provider’s stock after acquiring an additional 8,652 shares during the quarter. Teacher Retirement System of Texas’ holdings in Moody’s Corporation were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Moody’s Corporation by 2.9% during 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 acquiring an additional 463,669 shares during the period. BlackRock Inc. increased its position in shares of Moody’s Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after acquiring an additional 169,560 shares during the period. Fiera Capital Corp increased its position in shares of Moody’s Corporation by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after acquiring an additional 876,210 shares during the period. Principal Financial Group Inc. increased its position in shares of Moody’s Corporation by 0.7% during the third quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock worth $713,898,000 after acquiring an additional 33,723 shares during the period. Finally, Harris Associates L P increased its position in shares of Moody’s Corporation by 8.5% during the second quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after acquiring an additional 288,906 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation (MCO) opened at $149.00 on Tuesday. The company has a market capitalization of $28,460.00, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.60 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 twelve month low of $93.51 and a twelve month high of $149.00.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, November 3rd. The business services provider reported $1.52 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 negative return on equity of 187.20% and a net margin of 13.73%. Moody’s Corporation’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. equities analysts expect that Moody’s Corporation will post 5.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s Corporation’s payout ratio is 54.68%.

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A number of research firms have recently weighed in on MCO. BMO Capital Markets reaffirmed a “hold” rating and set a $143.00 price objective on shares of Moody’s Corporation in a research report on Friday, October 13th. Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Thursday, August 17th. UBS AG reaffirmed a “neutral” rating and set a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $149.00 price objective (up previously from $140.00) on shares of Moody’s Corporation in a research report on Wednesday, October 4th. Six research 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 stock. Moody’s Corporation presently has a consensus rating of “Buy” and an average price target of $151.89.

In other Moody’s Corporation news, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the firm’s 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 transaction, the director now directly owns 21,804 shares in the company, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,716 shares of company stock worth $6,703,384. Corporate insiders own 1.17% of the company’s stock.

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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