Royal London Asset Management Ltd. acquired a new stake in shares of Moody’s Co. (NYSE:MCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 68,243 shares of the business services provider’s stock, valued at approximately $11,641,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Moody’s by 1.0% during the second quarter. BlackRock Inc. now owns 11,042,889 shares of the business services provider’s stock valued at $1,883,479,000 after buying an additional 114,722 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Moody’s by 1.2% during the second quarter. Fiera Capital Corp now owns 5,625,706 shares of the business services provider’s stock valued at $959,521,000 after buying an additional 65,798 shares during the last quarter. FMR LLC grew its holdings in shares of Moody’s by 7.2% during the second quarter. FMR LLC now owns 2,424,897 shares of the business services provider’s stock valued at $413,590,000 after buying an additional 162,065 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Moody’s by 11.7% during the first quarter. Russell Investments Group Ltd. now owns 1,835,803 shares of the business services provider’s stock valued at $295,231,000 after buying an additional 192,867 shares during the last quarter. Finally, Winslow Capital Management LLC grew its holdings in shares of Moody’s by 20.6% during the first quarter. Winslow Capital Management LLC now owns 1,651,735 shares of the business services provider’s stock valued at $266,425,000 after buying an additional 282,513 shares during the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.

A number of research analysts have recently issued reports on MCO shares. Nomura reduced their price objective on shares of Moody’s from $195.00 to $193.00 and set a “buy” rating for the company in a report on Monday, July 9th. Stifel Nicolaus raised their price target on shares of 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 raised their price target on shares of Moody’s from $179.00 to $183.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. William Blair reissued a “buy” rating on shares of Moody’s in a research report on Sunday, August 12th. Finally, Zacks Investment Research raised shares of Moody’s from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Moody’s presently has an average rating of “Hold” and an average price target of $178.92.

MCO opened at $174.59 on Friday. The company has a debt-to-equity ratio of 10.72, a quick ratio of 1.54 and a current ratio of 1.54. Moody’s Co. has a fifty-two week low of $136.81 and a fifty-two week high of $187.98. The stock has a market cap of $33.50 billion, a P/E ratio of 24.62, a PEG ratio of 1.95 and a beta of 1.10.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 20th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, August 17th. Moody’s’s dividend payout ratio is 29.00%.

In related news, CFO Linda Huber acquired 915 shares of the stock in a transaction on Monday, August 6th. The shares were acquired at an average price of $172.31 per share, with a total value of $157,663.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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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