Resona Asset Management Co. Ltd. Sells 1,784 Shares of Moody’s Corporation $MCO

Resona Asset Management Co. Ltd. lowered its holdings in Moody’s Corporation (NYSE:MCOFree Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,971 shares of the business services provider’s stock after selling 1,784 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Moody’s were worth $26,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MCO. BAM Wealth Management LLC bought a new stake in Moody’s during the 3rd quarter worth approximately $871,000. California Public Employees Retirement System increased its stake in Moody’s by 3.6% in the 3rd quarter. California Public Employees Retirement System now owns 298,104 shares of the business services provider’s stock worth $142,041,000 after acquiring an additional 10,434 shares during the last quarter. Principal Financial Group Inc. increased its stake in Moody’s by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 647,711 shares of the business services provider’s stock worth $308,649,000 after acquiring an additional 1,942 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Moody’s by 135.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 45,829 shares of the business services provider’s stock worth $21,837,000 after acquiring an additional 26,388 shares during the last quarter. Finally, Katamaran Capital LLP bought a new position in Moody’s in the 3rd quarter worth about $4,275,000. Institutional investors own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Moody’s from $600.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Evercore reissued an “outperform” rating and issued a $610.00 price target on shares of Moody’s in a report on Thursday, February 19th. Mizuho decreased their price target on shares of Moody’s from $524.00 to $521.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Wall Street Zen lowered shares of Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Barclays reduced their price objective on Moody’s from $580.00 to $550.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $544.29.

Check Out Our Latest Report on MCO

Insider Activity at Moody’s

In related news, SVP Richard G. Steele sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $456.71, for a total transaction of $171,266.25. Following the transaction, the senior vice president directly owned 2,459 shares in the company, valued at $1,123,049.89. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Fauber sold 5,213 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $456.71, for a total value of $2,380,829.23. Following the transaction, the chief executive officer owned 75,789 shares in the company, valued at approximately $34,613,594.19. The trade was a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,680 shares of company stock worth $3,952,188. 0.14% of the stock is owned by corporate insiders.

Moody’s Price Performance

MCO stock opened at $434.69 on Wednesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The firm’s fifty day moving average is $443.96 and its 200 day moving average is $473.29. The firm has a market cap of $75.94 billion, a P/E ratio of 31.16, a P/E/G ratio of 2.39 and a beta of 1.37.

Moody’s (NYSE:MCOGet Free Report) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $4.22 by $0.11. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm earned $3.83 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Research analysts predict that Moody’s Corporation will post 16.69 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 15th. Moody’s’s dividend payout ratio (DPR) is presently 29.53%.

About Moody’s

(Free Report)

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

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