Worldquant Millennium Quantitative Strategies LLC purchased a new stake in Moody’s Co. (NYSE:MCO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,300 shares of the business services provider’s stock, valued at approximately $4,486,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. boosted its holdings in Moody’s by 1.1% in 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 in the last quarter. Impax Asset Management LLC boosted its holdings in Moody’s by 18.8% in 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 in the last quarter. Neuburgh Advisers LLC boosted its holdings in Moody’s by 3.7% in 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 in the last quarter. Pennsylvania Trust Co boosted its holdings in Moody’s by 15.6% in 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 in the last quarter. Finally, World Asset Management Inc boosted its holdings in Moody’s by 2.8% in the second quarter. World Asset Management Inc now owns 11,687 shares of the business services provider’s stock valued at $1,993,000 after purchasing an additional 323 shares in the last quarter. 87.88% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Linda Huber purchased 915 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was acquired at an average price of $172.31 per share, for a total transaction of $157,663.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

MCO stock opened at $181.55 on Friday. The company has a market capitalization of $34.33 billion, a PE ratio of 25.23, a PEG ratio of 2.00 and a beta of 1.10. Moody’s Co. has a twelve month low of $134.94 and a twelve month high of $187.98. The company has a debt-to-equity ratio of 10.72, a current ratio of 1.54 and a quick ratio of 1.54.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Friday, July 27th. The business services provider reported $2.04 earnings per share 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts predict that Moody’s Co. will post 7.79 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 20th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, August 17th. Moody’s’s dividend payout ratio (DPR) is presently 29.00%.

A number of brokerages recently issued reports on MCO. Nomura lowered their price target on Moody’s from $195.00 to $193.00 and set a “buy” rating for the company in a report on Monday, July 9th. BMO Capital Markets increased their price objective on Moody’s to $179.00 and gave the company a “market perform” rating in a report on Wednesday, May 30th. Zacks Investment Research raised Moody’s from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Stifel Nicolaus increased 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. Finally, Morgan Stanley increased 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. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $175.67.

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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