The Moody's Corporation (NYSE:MCO) Rating Reiterated by Barclays PLC

Paterniano Del Favero
Agosto 2, 2017

Livforsakringsbolaget Skandia Omsesidigt held its stake in shares of Moody's Corporation (NYSE:MCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Barclays PLC now has a $135.00 price objective on the business services provider's stock, up from their prior price objective of $128.00.

Other research analysts have also issued reports about the company. Cleararc Capital Inc. boosted its position in shares of Moody's Corporation by 0.5% in the first quarter. Over the last quarter, insiders have sold 212,612 shares of company stock valued at $25,104,433. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Moody's Corporation during the fourth quarter worth $508,000. Leuthold Grp Inc Limited Liability Company holds 0.64% of its portfolio in Moody's Corporation (NYSE:MCO) for 60,724 shares. Russell Investments Group Ltd. now owns 1,641,694 shares of the business services provider's stock valued at $199,855,000 after buying an additional 57,024 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Moody's Corporation by 0.8% in the first quarter. APG Asset Management N.V. now owns 1,772,538 shares of the business services provider's stock valued at $198,595,000 after buying an additional 368,801 shares during the period. Finally, APG Asset Management N.V. raised its position in Moody's Corporation by 26.3% in the first quarter. State Street Corp now owns 7,581,302 shares of the business services provider's stock worth $849,399,000 after buying an additional 148,527 shares during the period.

Moody's Corporation (NYSE:MCO) traded up 0.24% during midday trading on Friday, hitting $132.21. The firm has a market capitalization of $25.15 billion, a P/E ratio of 52.88 and a beta of 1.29. Moody's Corporation has a one year low of $93.51 and a one year high of $135.20. The firm has a 50-day moving average price of $124.32 and a 200 day moving average price of $115.29.

Moody's Corporation (NYSE:MCO) announced its earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.33 by $0.18, Bloomberg Earnings reports. Moody's Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. During the same period previous year, the business earned $1.30 earnings per share. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Moody's Corporation updated its FY17 guidance to $5.35-5.50 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be paid a $0.38 dividend. Piper Jaffray maintained Veracyte Inc (NASDAQ:VCYT) on Friday, August 14 with "Overweight" rating. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.15%. Moody's Corporation's dividend payout ratio (DPR) is presently 61.29%.

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MCO has been the subject of a number of analyst reports. $7.25M worth of Moody's Corporation (NYSE:MCO) was sold by MCDANIEL RAYMOND W. Huber Linda had sold 13,697 shares worth $1.67 million on Monday, June 19. BMO Capital Markets reissued a "hold" rating and issued a $124.00 target price on shares of Moody's Corporation in a report on Wednesday, April 26th. Morgan Stanley increased their price target on shares of Moody's Corporation from $118.00 to $121.00 and gave the company an "equal weight" rating in a research report on Monday, May 8th. Barclays Capital maintained the stock with "Equal-Weight" rating in Monday, July 24 report. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Moody's Corporation has an average rating of "Hold" and a consensus target price of $127.13.

In other news, insider Raymond W. Mcdaniel sold 61,667 shares of the company's stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the transaction, the insider now owns 308,761 shares of the company's stock, valued at approximately $34,998,059.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

In other Moody's Corporation news, Director Darrell Duffie sold 500 shares of the company's stock in a transaction that occurred on Friday, June 30th. The disclosure for this sale can be found here. Following the completion of the transaction, the vice president now directly owns 77,836 shares in the company, valued at $9,301,402. IFP Advisors Inc now owns 1,145 shares of the business services provider's stock valued at $139,000 after buying an additional 502 shares in the last quarter.

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 investors and hedge funds own 88.86% of the company's stock.

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