Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Moody’s Corporation (NYSE:MCO) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,475 shares of the business services provider’s stock after buying an additional 8,981 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Moody’s Corporation worth $59,924,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MCO. 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 period. 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 period. State Street Corp increased its stake in shares of Moody’s Corporation by 2.0% in the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock valued at $849,399,000 after buying an additional 148,527 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Moody’s Corporation by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock valued at $707,110,000 after buying an additional 260,398 shares during the period. Finally, 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 period. Institutional investors and hedge funds own 88.46% of the company’s stock.

Moody’s Corporation (NYSE MCO) opened at 132.20 on Friday. 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 $25.25 billion, a PE ratio of 53.11 and a beta of 1.29. The firm has a 50-day moving average of $128.88 and a 200 day moving average of $118.59.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter in the previous year, the business posted $1.30 earnings per share. Moody’s Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts forecast that Moody’s Corporation will post $5.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.15%. 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 equities research analysts recently issued reports on MCO shares. UBS AG reiterated a “neutral” rating and issued a $138.00 target price (up from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Morgan Stanley raised their target price on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. BidaskClub upgraded shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Cantor Fitzgerald reiterated a “hold” rating and issued a $116.00 target price on shares of Moody’s Corporation in a research note on Monday, May 8th. Finally, BMO Capital Markets raised their target price on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Six equities research 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 company’s stock. The stock has a consensus rating of “Hold” and an average price target of $129.29.

In related news, EVP John J. Goggins sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $116.79, for a total value of $5,839,500.00. Following the sale, the executive vice president now owns 106,221 shares in the company, valued at $12,405,550.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the completion of the sale, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. Insiders sold 184,777 shares of company stock worth $22,642,272 in the last 90 days. 1.17% of the stock is currently owned by company 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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