Morgan Stanley reduced its stake in Moody’s Co. (NYSE:MCO) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,935,726 shares of the business services provider’s stock after selling 91,133 shares during the period. Morgan Stanley’s holdings in Moody’s were worth $330,157,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MCO. Wells Fargo & Company MN boosted its position in shares of Moody’s by 80.6% in the 1st quarter. Wells Fargo & Company MN now owns 730,412 shares of the business services provider’s stock worth $117,815,000 after purchasing an additional 326,025 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Moody’s by 801.6% in the 1st quarter. Victory Capital Management Inc. now owns 23,684 shares of the business services provider’s stock worth $3,820,000 after purchasing an additional 21,057 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Moody’s by 10.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 69,049 shares of the business services provider’s stock worth $11,138,000 after purchasing an additional 6,356 shares during the last quarter. Chicago Equity Partners LLC boosted its position in shares of Moody’s by 22.6% in the 1st quarter. Chicago Equity Partners LLC now owns 4,340 shares of the business services provider’s stock worth $700,000 after purchasing an additional 800 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in shares of Moody’s by 915.1% in the 1st quarter. Engineers Gate Manager LP now owns 15,267 shares of the business services provider’s stock worth $2,463,000 after purchasing an additional 13,763 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.

NYSE:MCO opened at $179.26 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. The stock has a market capitalization of $34.33 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.00 and a beta of 1.10. Moody’s Co. has a 52-week low of $134.42 and a 52-week high of $187.98.

Moody’s (NYSE:MCO) last released its earnings results on Friday, July 27th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.16. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Moody’s had a return on equity of 907.23% and a net margin of 24.10%. Moody’s’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. analysts anticipate that Moody’s Co. will post 7.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 20th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, August 17th. Moody’s’s dividend payout ratio is currently 29.00%.

Several research analysts have recently issued reports on the company. Wells Fargo & Co raised their price target on Moody’s from $160.00 to $172.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. BMO Capital Markets lifted their target price on Moody’s to $179.00 and gave the stock a “market perform” rating in a report on Wednesday, May 30th. Zacks Investment Research lowered Moody’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Nomura reiterated a “buy” rating and set a $193.00 target price on shares of Moody’s in a report on Monday, July 30th. Finally, Morgan Stanley lifted their target price on Moody’s from $176.00 to $179.00 and gave the stock a “$184.49” rating in a report on Wednesday, July 18th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Moody’s has an average rating of “Hold” and an average price target of $175.67.

In related news, CFO Linda Huber bought 915 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

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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