Moody’s Corporation (MCO) Position Held by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt maintained its stake in Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,322 shares of the business services provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Moody’s Corporation were worth $404,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its position in Moody’s Corporation by 0.4% in the fourth quarter. Federated Investors Inc. PA now owns 4,304 shares of the business services provider’s stock valued at $406,000 after buying an additional 19 shares in the last quarter. Cleararc Capital Inc. increased its position 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 in the last quarter. Dubuque Bank & Trust Co. increased its position 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 in the last quarter. Capstone Asset Management Co. boosted its stake in 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 last quarter. Finally, Whittier Trust Co. boosted 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. Institutional investors own 88.81% of the company’s stock.

Shares of Moody’s Corporation (MCO) traded down 1.06% during trading on Tuesday, reaching $127.70. 817,439 shares of the company’s stock traded hands. The company has a 50 day moving average of $125.51 and a 200-day moving average of $115.83. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $135.20. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 51.31 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 (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 business had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. During the same period last year, the company earned $1.30 earnings per share. Moody’s Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts predict that Moody’s Corporation will post $5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors 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 yield of 1.19%. Moody’s Corporation’s dividend payout ratio (DPR) is presently 61.29%.

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MCO has been the subject of several recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $124.00 price objective on shares of Moody’s Corporation in a research report on Wednesday, April 26th. Barclays PLC reiterated a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a research report on Thursday, April 27th. Morgan Stanley lifted their price target on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Cantor Fitzgerald reiterated a “hold” rating and set a $116.00 price target on shares of Moody’s Corporation in a research report on Monday, May 8th. Finally, Zacks Investment Research cut shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Moody’s Corporation has a consensus rating of “Hold” and a consensus target price of $127.13.

In other news, SVP Blair Worrall sold 11,384 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the transaction, the senior vice president now owns 19,359 shares in the company, valued at $2,221,638.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 61,667 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 308,761 shares in the company, valued at approximately $34,998,059.35. The disclosure for this sale can be found here. Insiders have sold 212,612 shares of company stock valued at $25,104,433 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.

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

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