AGF Investments Inc. increased its position in shares of Moody’s Co. (NYSE:MCO) by 6.8% during the second quarter, HoldingsChannel.com reports. The firm owned 1,055,579 shares of the business services provider’s stock after buying an additional 67,147 shares during the period. Moody’s accounts for about 1.9% of AGF Investments Inc.’s investment portfolio, making the stock its 6th largest holding. AGF Investments Inc.’s holdings in Moody’s were worth $180,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its position in shares of Moody’s by 1.1% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 27,047 shares of the business services provider’s stock valued at $4,363,000 after purchasing an additional 300 shares during the period. Impax Asset Management LLC increased its position in shares of Moody’s by 18.8% during the first quarter. Impax Asset Management LLC now owns 1,905 shares of the business services provider’s stock valued at $307,000 after purchasing an additional 302 shares during the period. Neuburgh Advisers LLC increased its position in shares of Moody’s by 3.7% during the second quarter. Neuburgh Advisers LLC now owns 8,636 shares of the business services provider’s stock valued at $1,473,000 after purchasing an additional 306 shares during the period. Sentry Investment Management LLC increased its position in shares of Moody’s by 2.6% during the first quarter. Sentry Investment Management LLC now owns 12,146 shares of the business services provider’s stock valued at $1,959,000 after purchasing an additional 310 shares during the period. Finally, Pennsylvania Trust Co increased its position in shares of Moody’s by 15.6% during the second quarter. Pennsylvania Trust Co now owns 2,312 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 87.89% of the company’s stock.

Shares of MCO stock opened at $176.75 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 10.72. The firm has a market capitalization of $33.66 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.93 and a beta of 1.13. Moody’s Co. has a one year low of $131.67 and a one year high of $187.98.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Friday, July 27th. The business services provider reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.16. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Moody’s had a return on equity of 907.23% and a net margin of 24.10%. Moody’s’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 EPS. research analysts expect that Moody’s Co. will post 7.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, August 17th. Moody’s’s dividend payout ratio is 29.00%.

A number of research firms have recently issued reports on MCO. William Blair restated a “buy” rating on shares of Moody’s in a research report on Sunday, August 12th. Wells Fargo & Co boosted their price objective on Moody’s from $160.00 to $172.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Stifel Nicolaus boosted their price objective on Moody’s from $170.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, July 30th. BMO Capital Markets boosted their price objective on Moody’s from $179.00 to $183.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Finally, Nomura restated a “buy” rating and set a $193.00 price objective on shares of Moody’s in a research report on Monday, July 30th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $175.67.

In other Moody’s news, insider Raymond W. Mcdaniel sold 10,000 shares of the business’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $176.16, for a total value of $1,761,600.00. Following the transaction, the insider now owns 153,888 shares of the company’s stock, valued at $27,108,910.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Linda Huber acquired 915 shares of Moody’s stock in a transaction on Monday, August 6th. The stock was acquired at an average cost of $172.31 per share, for a total transaction of $157,663.65. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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