Toronto Dominion Bank Has $19.14 Million Stake in Moody’s Co. (NYSE:MCO)

Toronto Dominion Bank decreased its holdings in Moody’s Co. (NYSE:MCO) by 12.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,030 shares of the business services provider’s stock after selling 14,252 shares during the quarter. Toronto Dominion Bank owned 0.05% of Moody’s worth $19,141,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MCO. FMR LLC raised its stake in Moody’s by 15.7% in the 1st quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock worth $829,991,000 after purchasing an additional 620,741 shares in the last quarter. Geode Capital Management LLC raised its stake in Moody’s by 20.6% in the 4th quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock worth $335,962,000 after purchasing an additional 410,864 shares in the last quarter. BlackRock Inc. raised its stake in Moody’s by 2.2% in the 1st quarter. BlackRock Inc. now owns 12,278,489 shares of the business services provider’s stock worth $2,223,511,000 after purchasing an additional 265,811 shares in the last quarter. First Trust Advisors LP raised its stake in Moody’s by 712.1% in the 1st quarter. First Trust Advisors LP now owns 267,416 shares of the business services provider’s stock worth $48,426,000 after purchasing an additional 234,486 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in Moody’s by 3.7% in the 1st quarter. Fiera Capital Corp now owns 6,406,787 shares of the business services provider’s stock worth $1,160,205,000 after purchasing an additional 230,386 shares in the last quarter. Institutional investors and hedge funds own 90.18% of the company’s stock.

Several equities analysts have commented on MCO shares. Barclays reissued a “buy” rating on shares of Moody’s in a report on Sunday, August 4th. Stifel Nicolaus raised their target price on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, August 1st. UBS Group raised their target price on shares of Moody’s from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Argus raised their target price on shares of Moody’s to $240.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley raised their target price on shares of Moody’s from $170.00 to $173.00 and gave the company an “underweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $201.09.

Shares of Moody’s stock traded down $2.46 during midday trading on Friday, hitting $210.52. 18,554 shares of the company traded hands, compared to its average volume of 658,392. The stock has a market cap of $40.06 billion, a price-to-earnings ratio of 28.49 and a beta of 1.24. The company has a debt-to-equity ratio of 10.04, a quick ratio of 1.71 and a current ratio of 1.71. The firm’s fifty day moving average price is $212.31 and its 200-day moving average price is $194.14. Moody’s Co. has a 12 month low of $129.26 and a 12 month high of $222.85.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.04 EPS. Equities research analysts forecast that Moody’s Co. will post 8.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, August 19th. Moody’s’s dividend payout ratio (DPR) is presently 27.06%.

In related news, insider Mark Almeida sold 27,236 shares of Moody’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $207.06, for a total transaction of $5,639,486.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 7,500 shares of Moody’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the sale, the insider now directly owns 205,294 shares in the company, valued at $43,705,039.66. The disclosure for this sale can be found here. Insiders have sold a total of 45,957 shares of company stock worth $9,516,105 over the last ninety days. 0.90% of the stock is currently owned by insiders.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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