SEB Asset Management AB purchased a new position in Moody’s Corporation (NYSE:MCO – Free Report) during the 1st quarter, Holdings Channel reports. The fund purchased 34,971 shares of the business services provider’s stock, valued at approximately $15,256,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Moody’s by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 15,272,967 shares of the business services provider’s stock worth $7,802,195,000 after acquiring an additional 102,682 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Moody’s by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 3,965,480 shares of the business services provider’s stock valued at $2,019,551,000 after purchasing an additional 42,966 shares during the period. PineStone Asset Management Inc. grew its stake in Moody’s by 4.9% in the fourth quarter. PineStone Asset Management Inc. now owns 2,375,768 shares of the business services provider’s stock worth $1,213,661,000 after purchasing an additional 111,725 shares in the last quarter. Morgan Stanley increased its holdings in Moody’s by 2.7% during the 4th quarter. Morgan Stanley now owns 2,370,601 shares of the business services provider’s stock worth $1,211,023,000 after purchasing an additional 62,798 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Moody’s by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 2,349,281 shares of the business services provider’s stock valued at $1,024,874,000 after purchasing an additional 72,043 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Moody’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Jefferies Financial Group initiated coverage on Moody’s in a report on Friday. They issued a “buy” rating and a $610.00 price objective for the company. Wolfe Research reaffirmed an “outperform” rating and issued a $535.00 price objective on shares of Moody’s in a research note on Thursday, April 23rd. Bank of America reissued a “buy” rating and set a $565.00 target price on shares of Moody’s in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Moody’s from $560.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $550.58.
Insider Transactions at Moody’s
In other Moody’s news, CEO Robert Fauber sold 1,467 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $665,533.89. Following the sale, the chief executive officer owned 52,564 shares in the company, valued at approximately $23,846,709.88. The trade was a 2.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares in the company, valued at $900,534.95. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 3,250 shares of company stock valued at $1,495,098. 0.14% of the stock is currently owned by insiders.
Moody’s Stock Down 1.2%
NYSE:MCO opened at $504.85 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.03. Moody’s Corporation has a twelve month low of $402.28 and a twelve month high of $546.88. The company has a market cap of $88.20 billion, a PE ratio of 36.19, a P/E/G ratio of 2.62 and a beta of 1.34. The company’s 50 day moving average is $461.65 and its two-hundred day moving average is $465.24.
Moody’s (NYSE:MCO – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $3.83 earnings per share. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Analysts anticipate that Moody’s Corporation will post 16.71 EPS for the current year.
About Moody’s
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
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