Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $17.75 Million Stake in Moody’s Corporation (MCO)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Moody’s Corporation (NYSE:MCO) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,910 shares of the business services provider’s stock after buying an additional 3,293 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Moody’s Corporation were worth $17,754,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MCO. Cleararc Capital Inc. raised its stake in shares of 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 worth $453,000 after buying an additional 22 shares during the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of 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 worth $159,000 after buying an additional 23 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of 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 worth $1,558,000 after buying an additional 50 shares during the last quarter. Whittier Trust Co. raised its stake in shares of 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 worth $1,041,000 after buying an additional 72 shares during the last quarter. Finally, Smithfield Trust Co. raised its stake in shares of 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 worth $174,000 after buying an additional 90 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation (MCO) opened at 128.02 on Thursday. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 51.43 and a beta of 1.29. The stock’s 50 day moving average price is $126.06 and its 200 day moving average price is $116.56.

Moody’s Corporation (NYSE:MCO) last released its earnings results 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 business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Moody’s Corporation will post $5.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s payout ratio is presently 61.29%.

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Several brokerages recently weighed in on MCO. Barclays PLC boosted their price objective on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a report on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and issued a $124.00 price objective on shares of Moody’s Corporation in a report on Wednesday, April 26th. Morgan Stanley boosted their price objective on Moody’s Corporation from $118.00 to $121.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Zacks Investment Research lowered Moody’s Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $127.13.

In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the completion of the transaction, the insider now owns 292,310 shares of the company’s stock, valued at $37,716,759.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darrell Duffie sold 500 shares of the 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 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 sold 257,828 shares of company stock valued at $30,938,654. 1.17% of the stock is owned by corporate insiders.

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.

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

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