Wetherby Asset Management Inc. decreased its stake in Moody’s Corporation (NYSE:MCO) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,549 shares of the business services provider’s stock after selling 8 shares during the period. Wetherby Asset Management Inc.’s holdings in Moody’s Corporation were worth $553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Moody’s Corporation by 2,616.3% in the first quarter. BlackRock Inc. now owns 10,181,036 shares of the business services provider’s stock valued at $1,140,681,000 after buying an additional 9,806,220 shares in the last quarter. Harris Associates L P purchased a new stake in shares of Moody’s Corporation during the first quarter valued at approximately $378,890,000. Akre Capital Management LLC increased its stake in shares of Moody’s Corporation by 21.9% in the first quarter. Akre Capital Management LLC now owns 5,679,831 shares of the business services provider’s stock valued at $636,368,000 after buying an additional 1,019,167 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Moody’s Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,739,681 shares of the business services provider’s stock valued at $1,763,474,000 after buying an additional 490,573 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Moody’s Corporation by 26.3% in the first quarter. APG Asset Management N.V. now owns 1,772,538 shares of the business services provider’s stock valued at $198,595,000 after buying an additional 368,801 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Shares of Moody’s Corporation (NYSE MCO) opened at 127.76 on Friday. The company has a market capitalization 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. The firm has a 50-day moving average of $126.54 and a 200-day moving average of $116.82.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.18. The company 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 firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 earnings per share. Analysts forecast that Moody’s Corporation will post $5.51 earnings per share for the current year.

The business also recently disclosed 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 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 is presently 61.29%.

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MCO has been the topic of several recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $124.00 price objective on shares of Moody’s Corporation in a research report on Wednesday, April 26th. Barclays PLC restated a “hold” rating and set a $118.00 price objective on shares of Moody’s Corporation in a research report on Thursday, April 27th. Morgan Stanley raised their price objective on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Cantor Fitzgerald restated a “hold” rating and set a $116.00 price objective on shares of Moody’s Corporation in a research 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 research report on Monday, June 19th. Six investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $127.13.

In other news, VP Linda Huber sold 13,698 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $119.50, for a total value of $1,636,911.00. Following the completion of the sale, the vice president now directly owns 77,836 shares in the company, valued at $9,301,402. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Blair Worrall sold 11,384 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the completion of the sale, the senior vice president now owns 19,359 shares of the company’s stock, valued at $2,221,638.84. The disclosure for this sale can be found here. Insiders have sold 257,828 shares of company stock valued at $30,938,654 over the last 90 days. 1.17% of the stock is currently 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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