Sun Life Financial INC increased its stake in shares of Moody’s Corporation (NYSE:MCO) by 12,200.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the business services provider’s stock after purchasing an additional 1,220 shares during the period. Sun Life Financial INC’s holdings in Moody’s Corporation were worth $150,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Moody’s Corporation by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after buying an additional 463,669 shares during the last quarter. Allen Investment Management LLC raised its holdings in shares of Moody’s Corporation by 11.3% in the first quarter. Allen Investment Management LLC now owns 788,544 shares of the business services provider’s stock worth $88,348,000 after acquiring an additional 80,012 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of Moody’s Corporation by 4.2% in the second quarter. State Treasurer State of Michigan now owns 159,015 shares of the business services provider’s stock worth $19,349,000 after acquiring an additional 6,400 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Moody’s Corporation by 17.8% in the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after acquiring an additional 876,210 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Moody’s Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 523,807 shares of the business services provider’s stock worth $58,688,000 after acquiring an additional 31,365 shares during the last quarter. 88.74% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on MCO. Credit Suisse Group reissued a “neutral” rating and issued a $137.00 target price (up previously from $131.00) on shares of Moody’s Corporation in a research note on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “market perform” rating and set a $136.00 price target (up from $135.00) on shares of Moody’s Corporation in a research note on Wednesday, September 6th. Barclays PLC lifted their price target on shares of Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Morgan Stanley reissued an “equal weight” rating and issued a $131.00 price objective (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Finally, UBS AG reissued a “neutral” rating and set a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a research note on Tuesday, July 25th. Six 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 currently has a consensus rating of “Hold” and an average target price of $138.86.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the transaction, the insider now directly owns 292,310 shares of the company’s stock, valued at $37,716,759.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the transaction, the director now owns 21,804 shares in the company, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,598 shares of company stock worth $19,568,705. Company insiders own 1.17% of the company’s stock.

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Shares of Moody’s Corporation (MCO) remained flat at $140.21 during trading on Tuesday. 114,669 shares of the company’s stock traded hands. The firm’s 50-day moving average is $134.79 and its 200 day moving average is $123.35. The firm has a market capitalization of $26.79 billion, a price-to-earnings ratio of 56.33 and a beta of 1.28. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $140.48.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.18. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. Moody’s Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 earnings per share. On average, equities research analysts anticipate that Moody’s Corporation will post $5.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.38 per share. The ex-dividend date was Friday, August 18th. This represents a $1.52 annualized dividend and a yield of 1.08%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

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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