Nomura Holdings Inc. Takes $8.76 Million Position in Moody’s Corporation (MCO)

Nomura Holdings Inc. acquired a new stake in Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,979 shares of the business services provider’s stock, valued at approximately $8,759,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Moody’s Corporation by 2.9% in the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after acquiring an additional 463,669 shares during the last quarter. BlackRock Inc. lifted its holdings in Moody’s Corporation by 1.7% in the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock valued at $1,259,461,000 after acquiring an additional 169,560 shares during the last quarter. State Street Corp lifted its holdings in Moody’s Corporation by 2.0% in the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider’s stock valued at $849,399,000 after acquiring an additional 148,527 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Moody’s Corporation by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,311,225 shares of the business services provider’s stock valued at $707,110,000 after acquiring an additional 260,398 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in Moody’s Corporation by 17.8% in the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after acquiring an additional 876,210 shares during the last quarter. Hedge funds and other institutional investors own 88.75% of the company’s stock.

In related news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following the transaction, the director now owns 21,804 shares in the company, valued at approximately $3,017,891.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the transaction, the insider now owns 292,310 shares in the company, valued at approximately $37,716,759.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,932 shares of company stock worth $11,969,604. 1.17% of the stock is owned by company insiders.

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Shares of Moody’s Corporation (NYSE MCO) traded down 0.08% during mid-day trading on Wednesday, reaching $142.02. The company’s stock had a trading volume of 93,092 shares. The firm’s 50 day moving average price is $136.65 and its 200-day moving average price is $124.65. The company has a market capitalization of $27.13 billion, a price-to-earnings ratio of 56.58 and a beta of 1.28. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $143.98.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. Moody’s Corporation’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.30 EPS. On average, analysts predict that Moody’s Corporation will post $5.71 EPS for the current year.

A number of research analysts recently commented on MCO shares. Credit Suisse Group reiterated a “neutral” rating and issued a $137.00 price objective (up from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets reissued a “market perform” rating and issued a $136.00 target price (up previously from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Barclays PLC boosted their target price on Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley reissued an “equal weight” rating and issued a $131.00 target price (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Finally, UBS AG reissued a “neutral” rating and issued a $138.00 target price (up previously from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Seven 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 presently has a consensus rating of “Hold” and an average target price of $140.63.

Moody’s Corporation 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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