Retirement Systems of Alabama boosted its position in Moody’s Corporation (NYSE:MCO) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,694 shares of the business services provider’s stock after buying an additional 456 shares during the period. Retirement Systems of Alabama’s holdings in Moody’s Corporation were worth $9,819,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCO. Cleararc Capital Inc. increased its position in Moody’s Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the business services provider’s stock worth $453,000 after buying an additional 22 shares in the last quarter. Dubuque Bank & Trust Co. increased its position in Moody’s Corporation by 1.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,423 shares of the business services provider’s stock worth $159,000 after buying an additional 23 shares in the last quarter. Capstone Asset Management Co. increased its position in Moody’s Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 13,902 shares of the business services provider’s stock worth $1,558,000 after buying an additional 50 shares in the last quarter. Whittier Trust Co. increased its position in Moody’s Corporation by 0.8% in the first quarter. Whittier Trust Co. now owns 9,293 shares of the business services provider’s stock worth $1,041,000 after buying an additional 72 shares in the last quarter. Finally, Smithfield Trust Co. increased its position in Moody’s Corporation by 6.7% in the second quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock worth $174,000 after buying an additional 90 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Shares of Moody’s Corporation (MCO) opened at 127.76 on Friday. The company has a 50 day moving average price of $126.54 and a 200 day moving average price of $116.82. The company has a market cap of $24.41 billion, a P/E ratio of 51.33 and a beta of 1.29. Moody’s Corporation has a one year low of $93.51 and a one year high of $135.20.

Moody’s Corporation (NYSE:MCO) last announced its earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.33 by $0.18. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. Moody’s Corporation’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. Equities research analysts expect 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. Stockholders of record on Tuesday, August 22nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s payout ratio is currently 61.29%.

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MCO has been the topic of several recent research reports. Barclays PLC raised their price target on Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and issued a $124.00 price target on shares of Moody’s Corporation in a report on Wednesday, April 26th. Morgan Stanley raised their price target on Moody’s Corporation from $118.00 to $121.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Zacks Investment Research downgraded Moody’s Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Moody’s Corporation presently 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 stock was sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the transaction, the insider now owns 308,761 shares of the company’s stock, valued at approximately $34,998,059.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 value of $1,306,427.84. Following the transaction, the senior vice president now directly owns 19,359 shares in the company, valued at approximately $2,221,638.84. The disclosure for this sale can be found here. Insiders sold a total of 257,828 shares of company stock worth $30,938,654 over the last three months. 1.17% of the stock is owned by company insiders.

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.

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

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