Paradigm Asset Management Co. LLC boosted its position in shares of Moody’s Corporation (NYSE:MCO) by 511.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,800 shares of the business services provider’s stock after buying an additional 26,600 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Moody’s Corporation were worth $3,869,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Moody’s Corporation by 1.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 492,475 shares of the business services provider’s stock worth $59,924,000 after buying an additional 8,981 shares in the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Moody’s Corporation by 104.8% in the second quarter. TrimTabs Asset Management LLC now owns 1,976 shares of the business services provider’s stock valued at $240,000 after buying an additional 1,011 shares during the period. Progressive Investment Management Corp increased its stake in shares of Moody’s Corporation by 2.2% in the second quarter. Progressive Investment Management Corp now owns 32,287 shares of the business services provider’s stock valued at $3,929,000 after buying an additional 688 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Moody’s Corporation by 1.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 256,381 shares of the business services provider’s stock valued at $31,196,000 after buying an additional 4,669 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Moody’s Corporation during the second quarter valued at approximately $714,000. Institutional investors and hedge funds own 88.46% of the company’s stock.

Shares of Moody’s Corporation (MCO) traded up 0.48% during trading on Friday, hitting $132.84. The stock had a trading volume of 22,522 shares. The firm has a 50 day moving average price of $128.88 and a 200-day moving average price of $118.59. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of 53.37 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 announced its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Moody’s Corporation’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Moody’s Corporation will post $5.60 EPS for the current fiscal 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 paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 annualized dividend and a yield of 1.15%. Moody’s Corporation’s dividend payout ratio (DPR) is currently 61.29%.

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A number of analysts have recently issued reports on the stock. UBS AG lifted their price objective on shares of Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Thursday, August 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $131.00 price objective (up from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Barclays PLC reaffirmed an “equal weight” rating and set a $135.00 price objective (up from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $129.29.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the 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 sale, the director now owns 22,268 shares of the company’s stock, valued at approximately $2,708,679.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Goggins sold 50,000 shares of the 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 directly owns 106,221 shares in the company, valued at approximately $12,405,550.59. The disclosure for this sale can be found here. In the last three months, insiders sold 184,777 shares of company stock worth $22,642,272. 1.17% of the stock is owned by insiders.

About Moody’s Corporation

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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