Moody’s Corporation (MCO) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp increased its holdings in shares of Moody’s Corporation (NYSE:MCO) by 90.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,200 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the period. Curbstone Financial Management Corp’s holdings in Moody’s Corporation were worth $585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Moody’s Corporation during the 1st quarter worth about $101,000. American Beacon Advisors Inc. acquired a new position in shares of Moody’s Corporation during the 1st quarter worth about $108,000. IFP Advisors Inc lifted its position in shares of 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 purchasing an additional 502 shares during the last quarter. Sun Life Financial INC lifted its position in shares of 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 purchasing an additional 1,220 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of 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 purchasing an additional 8 shares during the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation 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 sale, the insider now directly owns 292,310 shares in the company, valued at $39,216,309.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the sale, the director now owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,932 shares of company stock valued at $11,969,604. 1.17% of the stock is owned by company insiders.

Several equities analysts recently weighed in on the company. BMO Capital Markets reissued a “hold” rating and set a $143.00 price objective on shares of Moody’s Corporation in a research report on Friday, October 13th. Morgan Stanley restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Moody’s Corporation in a research note on Friday, October 6th. Piper Jaffray Companies restated a “hold” rating and set a $149.00 price target (up from $140.00) on shares of Moody’s Corporation in a research note on Wednesday, October 4th. Barclays PLC boosted their price target on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group restated a “neutral” rating and set a $137.00 price target (up from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s Corporation presently has an average rating of “Hold” and an average price target of $141.50.

Shares of Moody’s Corporation (MCO) traded down 0.73% during trading on Thursday, reaching $144.14. The company had a trading volume of 58,549 shares. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 57.91 and a beta of 1.28. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $145.83. The firm has a 50 day moving average price of $138.65 and a 200 day moving average price of $125.97.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. During the same period in the previous year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts predict that Moody’s Corporation will post $5.70 earnings per share for the current year.

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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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