Bp Plc held its stake in Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 24,000 shares of the business services provider’s stock at the end of the second quarter. Bp Plc’s holdings in Moody’s Corporation were worth $2,920,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cleararc Capital Inc. increased its stake 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 during the period. 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 during the period. 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 during the period. 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 during the period. 88.81% of the stock is owned by institutional investors.

Shares of Moody’s Corporation (NYSE MCO) opened at 128.02 on Thursday. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The company has a market capitalization of $24.46 billion, a PE ratio of 51.43 and a beta of 1.29. The stock’s 50 day moving average price is $126.06 and its 200 day moving average price is $116.56.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share 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 analysts’ expectations 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. On average, equities research analysts forecast that Moody’s Corporation will post $5.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. Moody’s Corporation’s dividend payout ratio is 61.29%.

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A number of research analysts recently commented on the company. UBS AG reaffirmed a “neutral” rating and issued a $138.00 price target (up previously from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $131.00 price target (up previously from $122.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Barclays PLC reissued an “equal weight” rating and set a $135.00 target price (up previously from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $128.00 target price (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Monday, July 17th. Six investment 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.13.

In related news, insider Raymond W. Mcdaniel sold 61,667 shares of the firm’s stock in a transaction that occurred 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 directly owns 308,761 shares in the company, valued at approximately $34,998,059.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the transaction, the director now owns 22,268 shares in the company, valued at $2,708,679.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,828 shares of company stock worth $30,938,654. 1.17% of the stock is currently owned by insiders.

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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