KBC Group NV raised its stake in Moody’s Corporation (NYSE:MCO) by 39.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,666 shares of the business services provider’s stock after buying an additional 25,307 shares during the period. KBC Group NV’s holdings in Moody’s Corporation were worth $10,911,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MCO. BlackRock Inc. increased its stake 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 during the last quarter. Harris Associates L P purchased a new stake in shares of Moody’s Corporation during the first quarter valued at $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. 88.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Moody’s Corporation (NYSE MCO) opened at 130.49 on Monday. The company has a 50 day moving average of $128.00 and a 200 day moving average of $117.80. The firm has a market cap of $24.93 billion, a PE ratio of 52.43 and a beta of 1.29. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data 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 net margin of 12.63% and a negative return on equity of 167.31%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. During the same period in the prior year, the firm earned $1.30 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Moody’s Corporation will post $5.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s dividend payout ratio is presently 61.29%.

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Several analysts have recently weighed in on MCO shares. Zacks Investment Research downgraded shares of Moody’s Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $131.00 target price (up previously from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. BidaskClub downgraded shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. UBS AG reaffirmed a “neutral” rating and issued a $138.00 target price (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, Barclays PLC lifted their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, June 28th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $129.29.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at $37,716,759.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $7,599,101.18. Following the sale, the insider now directly owns 308,760 shares of the company’s stock, valued at $38,048,494.80. The disclosure for this sale can be found here. Insiders have sold 184,777 shares of company stock valued at $22,642,272 over the last ninety days. Insiders own 1.17% of the company’s stock.

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.

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

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