Bp Plc continued to hold its position in Moody’s Corporation (NYSE:MCO) during the second quarter, Holdings Channel reports. The firm owned 24,000 shares of the business services provider’s stock at the end of the second quarter. Bp Plc’s holdings in Moody’s Corporation were worth $2,920,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MCO. Advisor Partners LLC raised its position in Moody’s Corporation by 5.3% in the second quarter. Advisor Partners LLC now owns 3,478 shares of the business services provider’s stock valued at $423,000 after buying an additional 175 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Moody’s Corporation by 6.0% in the second quarter. Pictet Asset Management Ltd. now owns 95,722 shares of the business services provider’s stock valued at $11,338,000 after buying an additional 5,400 shares during the last quarter. AKO Capital LLP raised its position in Moody’s Corporation by 1.6% in the second quarter. AKO Capital LLP now owns 347,510 shares of the business services provider’s stock valued at $42,285,000 after buying an additional 5,385 shares during the last quarter. Cambridge Trust Co. raised its position in Moody’s Corporation by 2.4% in the second quarter. Cambridge Trust Co. now owns 65,389 shares of the business services provider’s stock valued at $7,956,000 after buying an additional 1,529 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Moody’s Corporation by 0.6% in the second quarter. Retirement Systems of Alabama now owns 80,694 shares of the business services provider’s stock valued at $9,819,000 after buying an additional 456 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Shares of Moody’s Corporation (NYSE MCO) opened at 128.02 on Thursday. The stock has a 50 day moving average price of $126.06 and a 200-day moving average price of $116.56. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $135.20. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 51.43 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings results 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. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Moody’s Corporation will post $5.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be issued a $0.38 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. Moody’s Corporation’s payout ratio is 61.29%.

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Several equities analysts recently issued reports on the company. UBS AG restated a “neutral” rating and set a $138.00 price target (up from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $131.00 price objective (up from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Barclays PLC reiterated an “equal weight” rating and issued a $135.00 price objective (up from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Monday, July 17th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Moody’s Corporation has an average rating of “Hold” and a consensus price target of $127.13.

In other news, SVP Blair Worrall sold 11,384 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $114.76, for a total value of $1,306,427.84. Following the sale, the senior vice president now directly owns 19,359 shares in the company, valued at $2,221,638.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the sale, the director now owns 22,268 shares in the company, valued at $2,708,679.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 257,828 shares of company stock worth $30,938,654. Company insiders own 1.17% of the company’s stock.

About Moody’s Corporation

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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