Capital Guardian Trust Co. trimmed its stake in Moody’s Corporation (NYSE:MCO) by 72.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,750 shares of the business services provider’s stock after selling 743,120 shares during the period. Capital Guardian Trust Co. owned 0.15% of Moody’s Corporation worth $34,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Moody’s Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after purchasing an additional 463,669 shares during the last quarter. BlackRock Inc. increased its stake in Moody’s Corporation by 1.7% during the 2nd quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock valued at $1,259,461,000 after purchasing an additional 169,560 shares in the last quarter. State Street Corp increased its stake in Moody’s Corporation by 2.0% during the 1st quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock valued at $849,399,000 after purchasing an additional 148,527 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Moody’s Corporation by 4.3% during the 1st 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 purchasing an additional 260,398 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in Moody’s Corporation by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after purchasing an additional 876,210 shares in the last quarter. 88.74% of the stock is owned by hedge funds and other institutional investors.

Moody’s Corporation (NYSE:MCO) traded up 0.578% during midday trading on Monday, hitting $140.015. The stock had a trading volume of 124,373 shares. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $140.25. The stock has a 50 day moving average of $132.31 and a 200 day moving average of $121.66. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 56.254 and a beta of 1.28.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings data 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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. Analysts expect that Moody’s Corporation will post $5.66 EPS for the current fiscal year.

The company also recently declared 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. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.52 annualized dividend and a yield of 1.09%. Moody’s Corporation’s dividend payout ratio is presently 61.29%.

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In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the sale, the insider now owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Raymond W. Mcdaniel sold 61,666 shares of the 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 sale, the insider now directly owns 308,760 shares of the company’s stock, valued at approximately $38,048,494.80. The disclosure for this sale can be found here. Insiders have sold 152,098 shares of company stock valued at $19,499,500 over the last 90 days. 1.17% of the stock is currently owned by insiders.

Several research firms recently issued reports on MCO. Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Thursday, August 17th. UBS AG raised their target price on Moody’s Corporation from $138.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, August 18th. Barclays PLC reaffirmed an “equal weight” rating and set a $135.00 price target (up previously from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. BMO Capital Markets lifted their price target on Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $138.86.

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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