Moody’s Corporation (MCO) Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of Moody’s Corporation (NYSE:MCO) by 22.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,389,203 shares of the business services provider’s stock after selling 402,087 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.73% of Moody’s Corporation worth $169,039,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Moody’s Corporation during the 1st quarter valued at approximately $101,000. American Beacon Advisors Inc. acquired a new stake in Moody’s Corporation during the 1st quarter valued at approximately $108,000. IFP Advisors Inc increased its position in Moody’s Corporation by 78.1% during the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 502 shares during the period. Sun Life Financial INC increased its position in Moody’s Corporation by 12,200.0% during the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 1,220 shares during the period. Finally, Salem Investment Counselors Inc. increased its position in Moody’s Corporation by 0.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 8 shares during the period. 88.74% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Moody’s Corporation (MCO) Holdings Trimmed by The Manufacturers Life Insurance Company” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/08/moodys-corporation-mco-holdings-trimmed-by-the-manufacturers-life-insurance-company.html.

Moody’s Corporation (MCO) traded up 0.27% during trading on Friday, hitting $142.49. The company’s stock had a trading volume of 819,969 shares. The firm has a 50 day moving average of $136.00 and a 200 day moving average of $124.04. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $143.98. The firm has a market cap of $27.22 billion, a P/E ratio of 57.25 and a beta of 1.28.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $968.78 million. During the same period in the previous year, the firm earned $1.30 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Moody’s Corporation will post $5.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders 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 dividend yield of 1.07%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

A number of analysts have weighed in on the stock. Barclays PLC increased 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 report on Wednesday, June 28th. Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Thursday, August 17th. BMO Capital Markets increased their price target on Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. UBS AG restated a “neutral” rating and set a $138.00 price target (up from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $128.00 price target (up from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $140.63.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now directly owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders have sold 90,932 shares of company stock worth $11,969,604 over the

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Moody’s Corporation during the 1st quarter valued at approximately $101,000. American Beacon Advisors Inc. acquired a new stake in Moody’s Corporation during the 1st quarter valued at approximately $108,000. IFP Advisors Inc increased its position in Moody’s Corporation by 78.1% during the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 502 shares during the period. Sun Life Financial INC increased its position in Moody’s Corporation by 12,200.0% during the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 1,220 shares during the period. Finally, Salem Investment Counselors Inc. increased its position in Moody’s Corporation by 0.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 8 shares during the period. 88.74% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Moody’s Corporation (MCO) Holdings Trimmed by The Manufacturers Life Insurance Company” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/08/moodys-corporation-mco-holdings-trimmed-by-the-manufacturers-life-insurance-company.html.

Moody’s Corporation (MCO) traded up 0.27% during trading on Friday, hitting $142.49. The company’s stock had a trading volume of 819,969 shares. The firm has a 50 day moving average of $136.00 and a 200 day moving average of $124.04. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $143.98. The firm has a market cap of $27.22 billion, a P/E ratio of 57.25 and a beta of 1.28.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $968.78 million. During the same period in the previous year, the firm earned $1.30 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that Moody’s Corporation will post $5.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders 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 dividend yield of 1.07%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

A number of analysts have weighed in on the stock. Barclays PLC increased 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 report on Wednesday, June 28th. Zacks Investment Research upgraded Moody’s Corporation from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Thursday, August 17th. BMO Capital Markets increased their price target on Moody’s Corporation from $124.00 to $127.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. UBS AG restated a “neutral” rating and set a $138.00 price target (up from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $128.00 price target (up from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $140.63.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now directly owns 21,804 shares in the company, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders have sold 90,932 shares of company stock worth $11,969,604 over the last three months. Insiders own 1.17% of the company’s stock.

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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