Vanguard Group Inc. boosted its position in Moody’s Corporation (NYSE:MCO) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,203,350 shares of the business services provider’s stock after acquiring an additional 463,669 shares during the period. Vanguard Group Inc. owned 8.48% of Moody’s Corporation worth $1,971,623,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MCO. Oppenheimer Asset Management Inc. bought a new position in Moody’s Corporation in the first quarter valued at about $101,000. American Beacon Advisors Inc. bought a new position in Moody’s Corporation in the first quarter valued at about $108,000. IFP Advisors Inc boosted its holdings in 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 acquiring an additional 502 shares during the last quarter. Smithfield Trust Co. boosted its holdings 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 valued at $174,000 after acquiring an additional 90 shares during the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV bought a new position in Moody’s Corporation in the second quarter valued at about $200,000. Institutional investors and hedge funds own 88.74% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Thursday, August 17th. UBS AG raised their price target on Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, August 18th. Barclays PLC reiterated an “equal weight” rating and issued a $135.00 price target (up previously from $128.00) on shares of Moody’s Corporation in a report on Monday, July 24th. BMO Capital Markets raised their price target on Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $128.00 target price (up previously from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Six investment analysts have rated the stock with a hold rating, one has assigned 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 a consensus target price of $138.86.

In related news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the sale, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the company’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 sale, the insider now owns 308,760 shares in the company, valued at approximately $38,048,494.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,598 shares of company stock worth $19,560,320. 1.17% of the stock is owned by corporate insiders.

Shares of Moody’s Corporation (NYSE:MCO) traded up 0.40% during trading on Friday, reaching $137.20. The company’s stock had a trading volume of 51,863 shares. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $137.32. The company’s 50 day moving average price is $132.31 and its 200 day moving average price is $121.66. The firm has a market cap of $26.21 billion, a PE ratio of 55.12 and a beta of 1.30.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $968.78 million. During the same quarter in the previous year, the company posted $1.30 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that Moody’s Corporation will post $5.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 1.11%. Moody’s Corporation’s payout ratio is 61.29%.

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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.

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

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