MML Investors Services LLC lifted its stake in Moody’s Co. (NYSE:MCO) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,456 shares of the business services provider’s stock after purchasing an additional 230 shares during the period. MML Investors Services LLC’s holdings in Moody’s were worth $870,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its holdings in shares of Moody’s by 16.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 409 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 58 shares during the last quarter. Berman Capital Advisors LLC lifted its holdings in shares of Moody’s by 34.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 247 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 63 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Moody’s by 1.7% in the 1st quarter. Wetherby Asset Management Inc. now owns 4,304 shares of the business services provider’s stock valued at $779,000 after acquiring an additional 72 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Moody’s by 6.5% in the 2nd quarter. Signaturefd LLC now owns 1,250 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 76 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Moody’s by 0.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,462 shares of the business services provider’s stock valued at $2,239,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Shares of NYSE:MCO traded up $0.37 during trading on Thursday, reaching $217.13. The company’s stock had a trading volume of 13,799 shares, compared to its average volume of 681,102. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 10.04. Moody’s Co. has a 12 month low of $129.26 and a 12 month high of $222.85. The firm’s 50 day simple moving average is $213.59 and its two-hundred day simple moving average is $195.35. The stock has a market capitalization of $41.01 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.65 and a beta of 1.24.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.09. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $2.04 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Moody’s Co. will post 8.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, August 19th. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.

In related news, insider Mark Almeida sold 27,236 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.06, for a total value of $5,639,486.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Raymond W. Mcdaniel sold 7,500 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the completion of the sale, the insider now directly owns 205,294 shares in the company, valued at $43,705,039.66. The disclosure for this sale can be found here. Insiders sold a total of 45,957 shares of company stock worth $9,516,105 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

A number of research analysts recently commented on MCO shares. Morgan Stanley increased their price target on shares of Moody’s from $170.00 to $173.00 and gave the company an “underweight” rating in a report on Tuesday, September 10th. Barclays reaffirmed a “buy” rating on shares of Moody’s in a report on Sunday, August 4th. Stifel Nicolaus increased their price target on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, August 1st. UBS Group increased their price target on shares of Moody’s from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Moody’s from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $201.09.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as 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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