Moody’s Corporation (NYSE:MCO) Shares Bought by Strs Ohio

Strs Ohio increased its stake in shares of Moody’s Corporation (NYSE:MCO) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 201,628 shares of the business services provider’s stock after buying an additional 1,919 shares during the period. Strs Ohio owned 0.11% of Moody’s Corporation worth $24,534,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MCO. Cleararc Capital Inc. raised its position in shares of Moody’s Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 4,046 shares of the business services provider’s stock valued at $453,000 after buying an additional 22 shares during the period. Dubuque Bank & Trust Co. raised its position in shares of Moody’s Corporation by 1.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,423 shares of the business services provider’s stock valued at $159,000 after buying an additional 23 shares during the period. Capstone Asset Management Co. raised its position in shares of Moody’s Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 13,902 shares of the business services provider’s stock valued at $1,558,000 after buying an additional 50 shares during the period. Whittier Trust Co. raised its position in shares of Moody’s Corporation by 0.8% in the first quarter. Whittier Trust Co. now owns 9,293 shares of the business services provider’s stock valued at $1,041,000 after buying an additional 72 shares during the period. Finally, Creative Planning raised its position in shares of Moody’s Corporation by 1.2% in the first quarter. Creative Planning now owns 7,696 shares of the business services provider’s stock valued at $862,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Shares of Moody’s Corporation (NYSE MCO) traded up 0.67% on Friday, reaching $127.76. 1,159,542 shares of the company’s stock were exchanged. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $135.20. The company’s 50 day moving average price is $126.54 and its 200-day moving average price is $116.82. The stock has a market cap of $24.41 billion, a P/E ratio of 51.33 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the 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 company had revenue of $1 billion during the quarter, compared to analyst estimates of $968.78 million. During the same quarter last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts forecast that Moody’s Corporation will post $5.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is currently 61.29%.

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Several research analysts have recently issued reports on the stock. Barclays PLC raised their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $124.00 target price on shares of Moody’s Corporation in a research note on Wednesday, April 26th. Morgan Stanley raised their target price on shares of Moody’s Corporation from $118.00 to $121.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Zacks Investment Research lowered shares of Moody’s Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $128.00 price objective (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $127.13.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,667 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total value of $6,989,954.45. Following the completion of the transaction, the insider now owns 308,761 shares in the company, valued at approximately $34,998,059.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Blair Worrall sold 11,384 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $114.76, for a total value of $1,306,427.84. Following the completion of the transaction, the senior vice president now owns 19,359 shares of the company’s stock, valued at approximately $2,221,638.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 257,828 shares of company stock valued at $30,938,654. 1.17% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for Moody`s Corporation (NYSE:MCO)

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