Tokio Marine Asset Management Co. Ltd. decreased its position in shares of Moody’s Corporation (NYSE:MCO) by 23.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,177 shares of the business services provider’s stock after selling 677 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Moody’s Corporation were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BLS Capital Fondsmaeglerselskab A S acquired a new position in Moody’s Corporation during the fourth quarter worth $23,947,000. AQR Capital Management LLC increased its position in Moody’s Corporation by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 10,089 shares of the business services provider’s stock worth $951,000 after buying an additional 96 shares in the last quarter. Teachers Advisors LLC increased its position in Moody’s Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 268,758 shares of the business services provider’s stock worth $25,336,000 after buying an additional 75,240 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Moody’s Corporation by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 154,385 shares of the business services provider’s stock worth $17,297,000 after buying an additional 4,097 shares in the last quarter. Finally, Creative Planning increased its position in Moody’s Corporation by 1.2% in the first quarter. Creative Planning now owns 7,696 shares of the business services provider’s stock worth $862,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. During the same period in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is currently 61.29%.

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MCO has been the topic of a number of recent research reports. BMO Capital Markets restated a “hold” rating and set a $124.00 price target on shares of Moody’s Corporation in a report on Wednesday, April 26th. Barclays PLC restated a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a report on Thursday, April 27th. Morgan Stanley raised their price target on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Cantor Fitzgerald restated a “hold” rating and set a $116.00 price target on shares of Moody’s Corporation in a report on Monday, May 8th. Finally, Zacks Investment Research downgraded shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $127.13.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,667 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the sale, the insider now directly owns 308,761 shares of the company’s stock, valued at $34,998,059.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Blair Worrall sold 11,384 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the sale, the senior vice president now directly owns 19,359 shares in the company, valued at $2,221,638.84. The disclosure for this sale can be found here. Insiders have sold 212,612 shares of company stock worth $25,104,433 over the last ninety days. Insiders own 1.17% of the company’s stock.

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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