BlackRock Inc. raised its stake in Moody’s Corporation (NYSE:MCO) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,350,596 shares of the business services provider’s stock after acquiring an additional 169,560 shares during the quarter. BlackRock Inc. owned approximately 5.42% of Moody’s Corporation worth $1,259,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new position in Moody’s Corporation in the first quarter valued at about $101,000. TrimTabs Asset Management LLC boosted 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 acquiring an additional 456 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in Moody’s Corporation in the first quarter valued at about $108,000. IFP Advisors Inc boosted 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 acquiring an additional 502 shares during the last quarter. Finally, Smithfield Trust Co. boosted 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 acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

In related news, VP Linda Huber sold 13,697 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $122.05, for a total value of $1,671,718.85. Following the transaction, the vice president now owns 77,835 shares of the company’s stock, valued at $9,499,761.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $123.23, for a total transaction of $7,599,101.18. Following the completion of the transaction, the insider now directly owns 308,760 shares in the company, valued at approximately $38,048,494.80. The disclosure for this sale can be found here. In the last three months, insiders sold 166,295 shares of company stock worth $21,232,039. 1.17% of the stock is currently owned by insiders.

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Shares of Moody’s Corporation (NYSE: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 of $132.03 and a 200 day moving average of $121.18. The company has a market cap of $26.04 billion, a price-to-earnings ratio of 54.77 and a beta of 1.30.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share (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 the consensus estimate of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. On average, equities research analysts expect that Moody’s Corporation will post $5.63 EPS for the current year.

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

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Thursday, August 17th. UBS AG boosted their target price on shares of Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, August 18th. Barclays PLC reiterated an “equal weight” rating and issued a $135.00 target price (up from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. BMO Capital Markets boosted 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. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Six investment 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 stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $138.86.

Moody’s Corporation 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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