Moody’s Corporation (MCO) Holdings Raised by State of Tennessee Treasury Department

State of Tennessee Treasury Department grew its position in Moody’s Corporation (NYSE:MCO) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,640 shares of the business services provider’s stock after acquiring an additional 5,316 shares during the quarter. State of Tennessee Treasury Department’s holdings in Moody’s Corporation were worth $6,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Moody’s Corporation by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 1,954 shares of the business services provider’s stock worth $238,000 after acquiring an additional 5 shares during the last quarter. Cleararc Capital Inc. increased its stake in Moody’s Corporation by 0.5% in the 1st quarter. Cleararc Capital Inc. now owns 4,046 shares of the business services provider’s stock worth $453,000 after acquiring an additional 22 shares during the last quarter. Smithfield Trust Co. increased its stake in Moody’s Corporation by 6.7% in the 2nd quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock worth $174,000 after acquiring an additional 90 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Moody’s Corporation by 3.2% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,938 shares of the business services provider’s stock worth $329,000 after acquiring an additional 92 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its stake in Moody’s Corporation by 0.7% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 13,893 shares of the business services provider’s stock worth $1,690,000 after acquiring an additional 99 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation (MCO) opened at 136.33 on Friday. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $136.82. The stock’s 50 day moving average price is $132.03 and its 200 day moving average price is $121.18. The company has a market cap of $26.04 billion, a P/E ratio of 54.77 and a beta of 1.30.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings data 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. During the same quarter last year, the business posted $1.30 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that Moody’s Corporation will post $5.63 earnings per share for the current year.

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

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the transaction, the insider now owns 292,310 shares in the company, valued at $39,216,309.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $121.64, for a total value of $60,820.00. Following the sale, the director now directly owns 22,268 shares of the company’s stock, valued at approximately $2,708,679.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 166,295 shares of company stock worth $21,232,039. 1.17% of the stock is currently owned by company insiders.

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A number of research firms have issued reports on MCO. Barclays PLC lifted their price objective on Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $136.00 price objective (up previously from $135.00) on shares of Moody’s Corporation in a research note on Wednesday, September 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $137.00 price objective (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. UBS AG lifted their price objective 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. Finally, Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Thursday, August 17th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Moody’s Corporation currently has a consensus rating of “Hold” and an average price target of $138.86.

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.

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

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