Moody’s Corporation $MCO Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in Moody’s Corporation (NYSE:MCO) by 31.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,953 shares of the business services provider’s stock after purchasing an additional 11,006 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Moody’s were worth $22,426,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Saudi Central Bank acquired a new stake in Moody’s in the 1st quarter worth about $30,000. ORG Partners LLC lifted its position in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Moody’s by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after acquiring an additional 24 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new stake in shares of Moody’s during the second quarter worth approximately $47,000. Finally, Meeder Asset Management Inc. raised its stake in Moody’s by 132.6% in the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Activity

In related news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,569 shares of company stock worth $1,253,848 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Moody’s Stock Up 0.4%

Shares of NYSE MCO opened at $474.85 on Friday. The business has a 50-day moving average price of $483.67 and a 200 day moving average price of $491.52. The stock has a market cap of $84.71 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.79 and a beta of 1.40. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $531.93.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities research analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.94 per share. The ex-dividend date is Friday, November 21st. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. Moody’s’s dividend payout ratio is 30.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MCO shares. Oppenheimer lifted their target price on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays raised their price objective on Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Evercore ISI lifted their price target on shares of Moody’s from $531.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and a consensus target price of $543.07.

About Moody’s

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.