Gilbert & Cook Inc. Purchases Shares of 2,288 Moody’s Corporation (NYSE:MCO)

Gilbert & Cook Inc. purchased a new position in shares of Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,288 shares of the business services provider’s stock, valued at approximately $278,000.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in Moody’s Corporation during the first quarter valued at approximately $101,000. TrimTabs Asset Management LLC increased its stake in Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock valued at $108,000 after buying an additional 456 shares in the last quarter. American Beacon Advisors Inc. acquired a new stake in Moody’s Corporation during the first quarter valued at approximately $108,000. State of Alaska Department of Revenue acquired a new stake in Moody’s Corporation during the first quarter valued at approximately $113,000. Finally, Advisory Services Network LLC purchased a new position in shares of Moody’s Corporation during the first quarter worth about $137,000. Institutional investors own 88.81% of the company’s stock.

Shares of Moody’s Corporation (MCO) opened at 127.76 on Friday. The firm’s 50-day moving average is $126.54 and its 200 day moving average is $116.82. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $135.20. The stock has a market capitalization of $24.41 billion, a P/E ratio of 51.33 and a beta of 1.29.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.18. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. On average, equities research analysts forecast that Moody’s Corporation will post $5.51 EPS for the current fiscal year.

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

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A number of research analysts have recently issued reports on MCO shares. UBS AG restated a “neutral” rating and issued a $138.00 price target (up previously from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Morgan Stanley lifted their price objective on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. BidaskClub upgraded shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Cantor Fitzgerald reiterated a “hold” rating and issued a $116.00 price objective on shares of Moody’s Corporation in a research note on Monday, May 8th. Finally, BMO Capital Markets boosted their price target on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Moody’s Corporation presently has an average rating of “Hold” and a consensus price target of $127.13.

In other Moody’s Corporation news, SVP Blair Worrall sold 11,384 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $114.76, for a total value of $1,306,427.84. Following the completion of the sale, 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 accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the 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 completion of the sale, the insider now owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. 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. Corporate 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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