Bessemer Group Inc. lowered its stake in Moody’s Corporation (NYSE:MCO) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,864 shares of the business services provider’s stock after selling 974 shares during the period. Bessemer Group Inc.’s holdings in Moody’s Corporation were worth $2,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Moody’s Corporation during the first quarter valued at $101,000. TrimTabs Asset Management LLC raised its position 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 during the last quarter. American Beacon Advisors Inc. bought a new position in shares of Moody’s Corporation during the first quarter valued at $108,000. State of Alaska Department of Revenue bought a new position in shares of Moody’s Corporation during the first quarter valued at $113,000. Finally, Advisory Services Network LLC bought a new position in shares of Moody’s Corporation during the first quarter valued at $137,000. Institutional investors own 88.81% of the company’s stock.

Moody’s Corporation (NYSE MCO) opened at 128.02 on Thursday. The company’s 50 day moving average is $126.06 and its 200 day moving average is $116.56. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20. The stock has a market cap 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 earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.18. The firm had revenue of $1 billion during 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 company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. Equities analysts predict that Moody’s Corporation will post $5.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

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Several analysts have recently commented on the stock. Barclays PLC reiterated a “hold” rating and issued a $118.00 price target on shares of Moody’s Corporation in a research report on Thursday, April 27th. Zacks Investment Research lowered shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. BidaskClub lowered shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $128.00 price target (up from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $124.00 price target on shares of Moody’s Corporation in a research report on Wednesday, April 26th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company 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 45,216 shares of Moody’s Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the completion of the sale, the insider now directly owns 292,310 shares in the company, valued at $37,716,759.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raymond W. Mcdaniel sold 61,666 shares of Moody’s Corporation stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $123.23, for a total transaction of $7,599,101.18. Following the completion of the sale, the insider now owns 308,760 shares of the company’s stock, valued at $38,048,494.80. The disclosure for this sale can be found here. Insiders sold 257,828 shares of company stock valued at $30,938,654 over the last quarter. Corporate 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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