Choate Investment Advisors continued to hold its stake in shares of Moody’s Corporation (NYSE:MCO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,388 shares of the business services provider’s stock at the close of the second quarter. Choate Investment Advisors’ holdings in Moody’s Corporation were worth $777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Moody’s Corporation in the first quarter worth approximately $101,000. TrimTabs Asset Management LLC raised its holdings in shares of Moody’s Corporation by 89.6% during the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 456 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Moody’s Corporation during the first quarter valued at approximately $108,000. IFP Advisors Inc raised its holdings in shares of Moody’s Corporation by 78.1% during the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 502 shares during the last quarter. Finally, Smithfield Trust Co. raised its holdings in shares of Moody’s Corporation by 6.7% during the second quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

In other Moody’s Corporation news, VP Linda Huber sold 13,697 shares of Moody’s Corporation stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $122.05, for a total transaction of $1,671,718.85. Following the completion of the sale, the vice president now directly owns 77,835 shares in the company, valued at approximately $9,499,761.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction that occurred on Friday, June 30th. The shares were 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 $2,708,679.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 166,295 shares of company stock valued at $21,232,039. Company insiders own 1.17% of the company’s stock.

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Shares of Moody’s Corporation (MCO) traded up 1.02% during mid-day trading on Friday, reaching $136.33. 936,915 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $132.03 and its 200-day moving average price is $121.18. The company has a market capitalization of $26.04 billion, a PE ratio of 54.77 and a beta of 1.30. Moody’s Corporation has a one year low of $93.51 and a one year high of $136.82.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, beating 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 business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. During the same period in the previous year, the business posted $1.30 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that Moody’s Corporation will post $5.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, August 18th. Moody’s Corporation’s payout ratio is 61.29%.

Several research analysts have recently weighed in on MCO shares. Zacks Investment Research raised shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a report on Thursday, August 17th. BidaskClub cut shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Morgan Stanley reissued an “equal weight” rating and set a $131.00 price objective (up from $122.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Barclays PLC reissued an “equal weight” rating and set a $135.00 price objective (up from $128.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Finally, BMO Capital Markets boosted their price objective on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Six 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. Moody’s Corporation currently has an average rating of “Hold” and a consensus price target of $138.86.

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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