Bank of America Corp DE reduced its position in shares of Moody’s Co. (NYSE:MCO) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 601,570 shares of the business services provider’s stock after selling 32,358 shares during the period. Bank of America Corp DE owned approximately 0.31% of Moody’s worth $102,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MCO. Mn Services Vermogensbeheer B.V. raised its holdings in Moody’s by 1.1% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 27,047 shares of the business services provider’s stock valued at $4,363,000 after acquiring an additional 300 shares in the last quarter. Impax Asset Management LLC raised its holdings in Moody’s by 18.8% in the 1st quarter. Impax Asset Management LLC now owns 1,905 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 302 shares in the last quarter. Neuburgh Advisers LLC raised its holdings in Moody’s by 3.7% in the 2nd quarter. Neuburgh Advisers LLC now owns 8,636 shares of the business services provider’s stock valued at $1,473,000 after acquiring an additional 306 shares in the last quarter. Pennsylvania Trust Co raised its holdings in Moody’s by 15.6% in the 2nd quarter. Pennsylvania Trust Co now owns 2,312 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 312 shares in the last quarter. Finally, World Asset Management Inc raised its holdings in Moody’s by 2.8% in the 2nd quarter. World Asset Management Inc now owns 11,687 shares of the business services provider’s stock valued at $1,993,000 after acquiring an additional 323 shares in the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on MCO shares. BMO Capital Markets lifted their price objective on Moody’s to $179.00 and gave the company a “market perform” rating in a report on Wednesday, May 30th. Nomura dropped their price objective on Moody’s from $195.00 to $193.00 and set a “buy” rating for the company in a report on Monday, July 9th. Zacks Investment Research cut Moody’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Morgan Stanley lifted their price objective on Moody’s from $176.00 to $179.00 and gave the company a “$184.49” rating in a report on Wednesday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Moody’s from $170.00 to $188.00 and gave the company a “hold” rating in a report on Monday, July 30th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $175.67.

In other Moody’s news, CFO Linda Huber purchased 915 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were bought at an average price of $172.31 per share, for a total transaction of $157,663.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Shares of MCO opened at $176.91 on Tuesday. Moody’s Co. has a 52-week low of $135.71 and a 52-week high of $187.98. The company has a debt-to-equity ratio of 10.72, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $34.33 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Friday, July 27th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.16. Moody’s had a return on equity of 907.23% and a net margin of 24.10%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company posted $1.54 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities research analysts expect that Moody’s Co. will post 7.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 20th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 17th. This represents a $1.76 annualized dividend and a dividend yield of 0.99%. Moody’s’s payout ratio is 29.00%.

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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