Candriam Luxembourg S.C.A. increased its stake in shares of Moody’s Corporation (NYSE:MCO) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,183 shares of the business services provider’s stock after buying an additional 1,933 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Moody’s Corporation were worth $2,456,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MCO. Oppenheimer Asset Management Inc. acquired a new stake in shares of Moody’s Corporation during the first quarter valued at $101,000. TrimTabs Asset Management LLC increased its stake in shares of Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. acquired a new stake in shares of Moody’s Corporation during the first quarter valued at $108,000. State of Alaska Department of Revenue acquired a new stake in shares of Moody’s Corporation during the first quarter valued at $113,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Moody’s Corporation during the first quarter valued at $137,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Moody’s Corporation (MCO) opened at 128.02 on Thursday. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $135.20. The stock’s 50 day moving average is $126.06 and its 200 day moving average is $116.56. The company has a market cap of $24.46 billion, a PE ratio of 51.43 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.18. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. Equities analysts predict that Moody’s Corporation will post $5.51 earnings per share for the current 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 $0.38 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

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Several brokerages have recently weighed in on MCO. Barclays PLC raised their target price on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 28th. BMO Capital Markets restated a “hold” rating and set a $124.00 target price on shares of Moody’s Corporation in a research note on Wednesday, April 26th. Morgan Stanley raised their target price on Moody’s Corporation from $118.00 to $121.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded Moody’s Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. 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 stock presently has a consensus rating of “Hold” and a consensus price target of $127.13.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,666 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $123.23, for a total value of $7,599,101.18. Following the transaction, the insider now directly owns 308,760 shares in the company, valued at $38,048,494.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the transaction, the insider now owns 292,310 shares in the company, valued at $37,716,759.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,828 shares of company stock worth $30,938,654. Company 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.

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Institutional Ownership by Quarter for Moody`s Corporation (NYSE:MCO)

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