Rafferty Asset Management LLC Sells 49,469 Shares of Moody’s Corporation (MCO)

Rafferty Asset Management LLC lessened its stake in Moody’s Corporation (NYSE:MCO) by 66.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,669 shares of the business services provider’s stock after selling 49,469 shares during the quarter. Rafferty Asset Management LLC’s holdings in Moody’s Corporation were worth $3,002,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Moody’s Corporation by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 15,739,681 shares of the business services provider’s stock valued at $1,763,474,000 after buying an additional 490,573 shares during the period. BlackRock Inc. lifted its stake in Moody’s Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after purchasing an additional 169,560 shares during the last quarter. State Street Corp lifted its stake in Moody’s Corporation by 2.0% during the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock worth $849,399,000 after purchasing an additional 148,527 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Moody’s Corporation by 4.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock worth $707,110,000 after purchasing an additional 260,398 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in Moody’s Corporation by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after purchasing an additional 876,210 shares during the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the transaction, the director now owns 22,268 shares of the company’s stock, valued at approximately $2,708,679.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total value of $6,066,178.56. Following the transaction, the insider now directly owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. Insiders sold 152,598 shares of company stock valued at $19,560,320 in the last three months. 1.17% of the stock is currently owned by company insiders.

Moody’s Corporation (MCO) traded up 0.06% on Wednesday, reaching $136.82. The company’s stock had a trading volume of 65,644 shares. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $137.32. The firm’s 50 day moving average price is $132.31 and its 200-day moving average price is $121.66. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 54.97 and a beta of 1.30.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.18. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. On average, equities analysts predict that Moody’s Corporation will post $5.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, August 18th. Moody’s Corporation’s dividend payout ratio is currently 61.29%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Thursday, August 17th. UBS AG boosted their target price on Moody’s Corporation from $138.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, August 18th. Barclays PLC restated an “equal weight” rating and set a $135.00 target price (up previously from $128.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. BMO Capital Markets boosted their target price on Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $128.00 target price (up previously from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. 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 stock. The company currently has an average rating of “Hold” and a consensus target price of $138.86.

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Moody’s Corporation Company Profile

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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