Trexquant Investment LP purchased a new position in shares of Moody’s Co. (NYSE:MCO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,183 shares of the business services provider’s stock, valued at approximately $1,907,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC boosted its position in Moody’s by 117.1% in the fourth quarter. Millennium Management LLC now owns 13,674 shares of the business services provider’s stock valued at $2,018,000 after buying an additional 93,674 shares during the last quarter. Progressive Investment Management Corp boosted its position in Moody’s by 1.9% in the first quarter. Progressive Investment Management Corp now owns 34,843 shares of the business services provider’s stock valued at $5,620,000 after buying an additional 659 shares during the last quarter. Hennessy Advisors Inc. boosted its position in Moody’s by 36.4% in the first quarter. Hennessy Advisors Inc. now owns 15,000 shares of the business services provider’s stock valued at $2,420,000 after buying an additional 4,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Moody’s by 80.6% in the first quarter. Wells Fargo & Company MN now owns 730,412 shares of the business services provider’s stock valued at $117,815,000 after acquiring an additional 326,025 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Moody’s by 7.4% in the first quarter. Daiwa Securities Group Inc. now owns 37,318 shares of the business services provider’s stock valued at $6,020,000 after acquiring an additional 2,581 shares during the period. Hedge funds and other institutional investors own 88.26% of the company’s stock.

Shares of NYSE:MCO opened at $171.50 on Monday. Moody’s Co. has a 12-month low of $129.03 and a 12-month high of $187.98. The company has a market capitalization of $32.81 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.88 and a beta of 1.13. The company has a debt-to-equity ratio of 10.72, a current ratio of 1.54 and a quick ratio of 1.54.

Moody’s (NYSE:MCO) last announced its earnings results on Friday, July 27th. The business services provider reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.16. The business had revenue of $1.18 billion during 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%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 EPS. sell-side analysts anticipate that Moody’s Co. will post 7.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, August 17th. Moody’s’s payout ratio is 29.00%.

A number of brokerages have issued reports on MCO. Nomura decreased their price target on Moody’s from $195.00 to $193.00 and set a “buy” rating for the company in a report on Monday, July 9th. TheStreet raised Moody’s from a “c+” rating to a “b” rating in a report on Wednesday, May 2nd. Stifel Nicolaus boosted their price target on Moody’s from $170.00 to $188.00 and gave the company a “hold” rating in a report on Monday, July 30th. BMO Capital Markets decreased their price target on Moody’s from $173.00 to $169.00 and set a “market perform” rating for the company in a report on Monday, April 30th. Finally, Morgan Stanley boosted their price target on Moody’s from $172.00 to $176.00 and gave the company an “equal weight” rating in a report on Monday, April 30th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Moody’s has an average rating of “Hold” and an average price target of $175.67.

In other Moody’s news, CFO Linda Huber bought 915 shares of Moody’s stock in a transaction dated Monday, August 6th. The stock was acquired at an average cost of $172.31 per share, with a total value of $157,663.65. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $176.16, for a total value of $1,761,600.00. Following the transaction, the insider now directly owns 153,888 shares of the company’s stock, valued at $27,108,910.08. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Moody’s Company Profile

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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