Advisor Partners LLC raised its stake in Moody’s Corporation (NYSE:MCO) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,478 shares of the business services provider’s stock after buying an additional 175 shares during the period. Advisor Partners LLC’s holdings in Moody’s Corporation were worth $423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management Ltd. increased its position in shares of Moody’s Corporation by 6.0% in the second quarter. Pictet Asset Management Ltd. now owns 95,722 shares of the business services provider’s stock valued at $11,338,000 after buying an additional 5,400 shares in the last quarter. AKO Capital LLP increased its position in shares of Moody’s Corporation by 1.6% in the second quarter. AKO Capital LLP now owns 347,510 shares of the business services provider’s stock valued at $42,285,000 after buying an additional 5,385 shares in the last quarter. Cambridge Trust Co. increased its position in shares of Moody’s Corporation by 2.4% in the second quarter. Cambridge Trust Co. now owns 65,389 shares of the business services provider’s stock valued at $7,956,000 after buying an additional 1,529 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Moody’s Corporation by 0.6% in the second quarter. Retirement Systems of Alabama now owns 80,694 shares of the business services provider’s stock valued at $9,819,000 after buying an additional 456 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Moody’s Corporation by 78.1% in the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after buying an additional 502 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Shares of Moody’s Corporation (MCO) opened at 128.02 on Thursday. The company has a 50-day moving average price of $126.06 and a 200 day moving average price of $116.56. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $135.20. The company has a market capitalization of $24.46 billion, a P/E ratio of 51.43 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. During the same period last year, the company earned $1.30 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Moody’s Corporation will post $5.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors 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 dividend yield of 1.19%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

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Several research analysts have recently commented on the company. UBS AG reiterated a “neutral” rating and set a $138.00 target price (up from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Morgan Stanley reiterated an “equal weight” rating and set a $131.00 target price (up from $122.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Barclays PLC reiterated an “equal weight” rating and set a $135.00 target price (up from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Cantor Fitzgerald reiterated 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. Finally, Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Monday, July 17th. Six research 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 has an average rating of “Hold” and a consensus target price of $127.13.

In related news, insider Raymond W. Mcdaniel sold 61,667 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total value of $6,989,954.45. Following the sale, the insider now owns 308,761 shares in the company, valued at $34,998,059.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the sale, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. Insiders sold 257,828 shares of company stock worth $30,938,654 in the last quarter. 1.17% of the stock is currently owned by company insiders.

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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