Moody’s Corporation (MCO) Stake Decreased by First Mercantile Trust Co.

First Mercantile Trust Co. decreased its stake in Moody’s Corporation (NYSE:MCO) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,489 shares of the business services provider’s stock after selling 123 shares during the period. First Mercantile Trust Co.’s holdings in Moody’s Corporation were worth $181,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MCO. Cleararc Capital Inc. raised its stake in 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 last quarter. Dubuque Bank & Trust Co. raised its stake in 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 last quarter. Whittier Trust Co. raised its stake in 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 last quarter. Smithfield Trust Co. raised its stake in Moody’s Corporation by 6.7% in the second quarter. Smithfield Trust Co. now owns 1,427 shares of the business services provider’s stock valued at $174,000 after buying an additional 90 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in Moody’s Corporation by 3.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,938 shares of the business services provider’s stock valued at $329,000 after buying an additional 92 shares during the last quarter. 88.46% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation (MCO) opened at 132.58 on Wednesday. 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 is $128.26 and its 200 day moving average is $118.20. The firm has a market cap of $25.33 billion, a P/E ratio of 53.27 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. 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 business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Moody’s Corporation will post $5.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.38 per share. The ex-dividend date is Friday, August 18th. This represents a $1.52 annualized dividend and a dividend yield of 1.15%. Moody’s Corporation’s dividend payout ratio (DPR) is 61.29%.

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Several research firms have recently issued reports on MCO. Barclays PLC increased their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and set a $124.00 target price on shares of Moody’s Corporation in a research note on Wednesday, April 26th. Morgan Stanley increased their target price on shares of Moody’s Corporation from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of Moody’s Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $128.00 price target (up previously from $116.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $129.29.

In other Moody’s Corporation news, VP Linda Huber sold 13,698 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $119.50, for a total value of $1,636,911.00. Following the completion of the transaction, the vice president now directly owns 77,836 shares in the company, valued at $9,301,402. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the completion of the transaction, the director now owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,777 shares of company stock valued at $22,642,272. Insiders own 1.17% of the company’s stock.

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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