Pictet & Cie Europe SA boosted its stake in Moody’s Corporation (NYSE:MCO) by 36.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,609 shares of the business services provider’s stock after buying an additional 2,548 shares during the period. Pictet & Cie Europe SA’s holdings in Moody’s Corporation were worth $1,169,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Moody’s Corporation during the first quarter valued at $101,000. TrimTabs Asset Management LLC boosted its stake in shares of Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in shares of Moody’s Corporation during the first quarter valued at $108,000. State of Alaska Department of Revenue purchased a new stake in shares of Moody’s Corporation during the first quarter valued at $113,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Moody’s Corporation during the first quarter valued at $137,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Moody’s Corporation (MCO) traded down 0.20% during mid-day trading on Friday, reaching $133.76. The company’s stock had a trading volume of 672,726 shares. The stock’s 50 day moving average is $130.55 and its 200 day moving average is $119.69. Moody’s Corporation has a one year low of $93.51 and a one year high of $135.20. The firm has a market cap of $25.55 billion, a PE ratio of 53.74 and a beta of 1.30.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the Zacks’ 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 business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Moody’s Corporation will post $5.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

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MCO has been the subject of several research reports. Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a report on Monday, July 17th. BidaskClub lowered Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $131.00 price target (up from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Barclays PLC reissued an “equal weight” rating and issued a $135.00 price target (up from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $116.00 price target on shares of Moody’s Corporation in a research report on Monday, May 8th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Moody’s Corporation has an average rating of “Hold” and a consensus target price of $135.43.

In related news, VP Linda Huber sold 13,698 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $119.50, for a total value of $1,636,911.00. Following the transaction, the vice president now owns 77,836 shares in the company, valued at approximately $9,301,402. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $121.64, for a total value of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares in the company, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. Insiders sold a total of 134,777 shares of company stock worth $16,802,772 in the last 90 days. 1.17% of the stock is currently owned by insiders.

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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