Public Sector Pension investment Board grew its stake in shares of Moody’s Corporation (NYSE:MCO) by 34.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,786 shares of the business services provider’s stock after buying an additional 13,000 shares during the quarter. Public Sector Pension investment Board’s holdings in Moody’s Corporation were worth $6,180,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MCO. Oppenheimer Asset Management Inc. purchased a new stake in shares of Moody’s Corporation during the 1st quarter valued at $101,000. American Beacon Advisors Inc. purchased a new stake in shares of Moody’s Corporation during the 1st quarter valued at $108,000. IFP Advisors Inc raised its position in shares of Moody’s Corporation by 78.1% during the 2nd 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. Smithfield Trust Co. raised its position in shares of Moody’s Corporation by 6.7% during the 2nd quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after buying an additional 90 shares in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV purchased a new stake in shares of Moody’s Corporation during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

Several research firms have recently weighed in on MCO. Barclays PLC raised their price objective on shares of Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. BMO Capital Markets restated a “market perform” rating and set a $136.00 price objective (up previously from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Credit Suisse Group restated a “neutral” rating and set a $137.00 price objective (up previously from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. UBS AG raised their price objective on shares of Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Thursday, August 17th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $138.86.

TRADEMARK VIOLATION WARNING: “Public Sector Pension investment Board Boosts Stake in Moody’s Corporation (MCO)” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/23/public-sector-pension-investment-board-boosts-stake-in-moodys-corporation-mco.html.

In other news, insider Raymond W. Mcdaniel sold 61,666 shares of the stock in a transaction on 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 of the company’s stock, valued at $38,048,494.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the completion of the sale, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,598 shares of company stock worth $19,560,320. 1.17% of the stock is owned by insiders.

Moody’s Corporation (NYSE:MCO) opened at 138.03 on Friday. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $138.28. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 55.46 and a beta of 1.30. The company’s 50 day moving average is $132.31 and its 200 day moving average is $121.66.

Moody’s Corporation (NYSE:MCO) last released its quarterly 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 company had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. Moody’s Corporation’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Analysts forecast that Moody’s Corporation will post $5.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, August 18th. Moody’s Corporation’s payout ratio is 61.29%.

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)

Receive News & Ratings for Moody's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.