Dai Ichi Life Insurance Company Ltd decreased its holdings in Moody’s Corporation (NYSE:MCO) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,780 shares of the business services provider’s stock after selling 864 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Moody’s Corporation were worth $1,068,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in Moody’s Corporation in the first quarter valued at approximately $101,000. TrimTabs Asset Management LLC raised its stake in Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares during the period. American Beacon Advisors Inc. bought a new stake in Moody’s Corporation in the first quarter valued at approximately $108,000. IFP Advisors Inc raised its stake in Moody’s Corporation by 78.1% in the second 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 during the period. Finally, Smithfield Trust Co. raised its stake 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 valued at $174,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Moody’s Corporation (MCO) opened at 136.33 on Friday. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $136.82. The stock has a 50 day moving average price of $132.03 and a 200 day moving average price of $121.18. The firm has a market cap of $26.04 billion, a P/E ratio of 54.77 and a beta of 1.30.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates 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 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 previous year, the firm posted $1.30 EPS. Equities analysts predict that Moody’s Corporation will post $5.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd were issued a $0.38 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.11%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,666 shares of the business’s stock in a transaction on 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 owns 308,760 shares of the company’s stock, valued at approximately $38,048,494.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s 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 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. Insiders sold a total of 166,295 shares of company stock worth $21,232,039 in the last ninety days. 1.17% of the stock is currently owned by insiders.

Several research firms have issued reports on MCO. Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Thursday, August 17th. UBS AG upped their target price on Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, August 18th. Barclays PLC upped their target price on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday. BMO Capital Markets upped their target price on Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $128.00 target price (up previously 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 issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $138.86.

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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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