People s United Financial Inc. held its position in shares of Moody’s Corporation (NYSE:MCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,140 shares of the business services provider’s stock at the close of the 2nd quarter. People s United Financial Inc.’s holdings in Moody’s Corporation were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in Moody’s Corporation during the 1st quarter valued at approximately $101,000. American Beacon Advisors Inc. purchased a new position in Moody’s Corporation during the 1st quarter valued at approximately $108,000. IFP Advisors Inc grew its holdings in Moody’s Corporation by 78.1% during the 2nd 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 in the last quarter. Smithfield Trust Co. grew its holdings in Moody’s Corporation by 6.7% during the 2nd 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 in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV purchased a new position in Moody’s Corporation during the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.

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In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the transaction, the insider now directly owns 292,310 shares in the company, valued at $39,216,309.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders have sold 90,932 shares of company stock worth $11,969,604 over the last 90 days. 1.17% of the stock is owned by insiders.

Several research firms have weighed in on MCO. Morgan Stanley restated an “equal weight” rating and set a $135.00 price target (up previously from $134.00) on shares of Moody’s Corporation in a report on Friday. Piper Jaffray Companies restated a “hold” rating and set a $149.00 price target (up previously from $140.00) on shares of Moody’s Corporation in a report on Wednesday, October 4th. Barclays PLC raised their price target on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, September 15th. BMO Capital Markets restated a “market perform” rating and set a $136.00 price target (up previously from $135.00) on shares of Moody’s Corporation in a report on Wednesday, September 6th. Finally, Credit Suisse Group restated a “neutral” rating and set a $137.00 price target (up previously from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. Seven equities research 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 company. The stock has an average rating of “Hold” and an average target price of $140.63.

Shares of Moody’s Corporation (NYSE MCO) opened at 142.49 on Monday. The company’s 50 day moving average price is $136.00 and its 200-day moving average price is $124.04. The company has a market capitalization of $27.22 billion, a price-to-earnings ratio of 57.25 and a beta of 1.28. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $143.98.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 earnings per share. Analysts anticipate that Moody’s Corporation will post $5.68 earnings per share 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is 61.29%.

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.

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Institutional Ownership by Quarter for Moody`s Corporation (NYSE:MCO)

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