Baskin Financial Services Inc. Sells 1,963 Shares of Moody’s Corporation (NYSE:MCO)

Baskin Financial Services Inc. decreased its stake in Moody’s Corporation (NYSE:MCO) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,380 shares of the business services provider’s stock after selling 1,963 shares during the quarter. Moody’s Corporation makes up about 2.4% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 20th largest position. Baskin Financial Services Inc.’s holdings in Moody’s Corporation were worth $12,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MCO. Teachers Advisors LLC boosted its stake in Moody’s Corporation by 7.4% in the 1st quarter. Teachers Advisors LLC now owns 288,569 shares of the business services provider’s stock valued at $32,331,000 after buying an additional 19,811 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Moody’s Corporation by 5.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,090 shares of the business services provider’s stock valued at $682,000 after buying an additional 310 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Moody’s Corporation by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 356,971 shares of the business services provider’s stock worth $39,992,000 after purchasing an additional 9,536 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Moody’s Corporation in the first quarter worth $101,000. Finally, Gotham Asset Management LLC boosted its stake in Moody’s Corporation by 2.6% in the first quarter. Gotham Asset Management LLC now owns 21,967 shares of the business services provider’s stock worth $2,461,000 after purchasing an additional 555 shares in the last quarter. 88.50% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation (NYSE:MCO) opened at $143.14 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. The firm has a market capitalization of $27,350.00, a PE ratio of 24.82, a PEG ratio of 2.52 and a beta of 1.35. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $148.00.

Moody’s Corporation (NYSE:MCO) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $992.81 million. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. research analysts anticipate that Moody’s Corporation will post 5.94 EPS for the current fiscal year.

The firm also recently disclosed 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 1.06%. Moody’s Corporation’s dividend payout ratio is 54.68%.

MCO has been the subject of a number of recent research reports. Credit Suisse Group AG restated a “neutral” rating and set a $137.00 target price (up previously from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and set a $136.00 target price (up previously from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Barclays PLC boosted their target price on Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $131.00 price objective (up previously from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, UBS AG reiterated a “neutral” rating and issued a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Moody’s Corporation presently has a consensus rating of “Hold” and a consensus price target of $150.22.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 292,310 shares in the company, valued at $39,216,309.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the 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 owns 21,804 shares in the company, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. 1.17% of the stock is owned by corporate insiders.

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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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