Bank of New York Mellon Corp has reduced its stake in Moody's Corporation by 3.9%, selling 105,268 shares, according to a recent filing. The transaction, which took place during the second quarter, leaves the institutional investor with approximately 1.46% of the company, a position valued at around $1.31 billion. While BNY Mellon decreased its holdings, other firms have shown continued confidence in Moody's. Institutional investors like Vanguard, UBS, and Goldman Sachs have reportedly increased their positions in the company. These ownership changes follow Moody's recent earnings report on October 22nd, where the company surpassed analyst expectations for revenue and earnings per share.