Pictet Asset Management Holding SA lifted its position in Moody’s Corporation (NYSE:MCO – Free Report) by 12.0% in the 1st quarter, Holdings Channel reports. The fund owned 119,174 shares of the business services provider’s stock after acquiring an additional 12,726 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Moody’s were worth $51,986,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC raised its holdings in Moody’s by 5.8% in the fourth quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock worth $185,000 after purchasing an additional 20 shares in the last quarter. DeDora Capital Inc. boosted its holdings in shares of Moody’s by 1.5% during the 4th quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider’s stock valued at $672,000 after buying an additional 20 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in shares of Moody’s by 2.7% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider’s stock valued at $385,000 after buying an additional 20 shares in the last quarter. Carnegie Investment Counsel grew its position in shares of Moody’s by 1.9% in the 4th quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider’s stock worth $552,000 after buying an additional 20 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Moody’s by 0.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,899 shares of the business services provider’s stock worth $2,334,000 after buying an additional 21 shares during the period. 92.11% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Moody’s news, CEO Robert Fauber sold 1,467 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $466.39, for a total value of $684,194.13. Following the completion of the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. The trade was a 1.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $71,679.86. Following the sale, the senior vice president directly owned 1,985 shares in the company, valued at approximately $900,534.95. The trade was a 7.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 4,717 shares of company stock worth $2,137,306. Corporate insiders own 0.14% of the company’s stock.
Moody’s Trading Up 0.5%
Moody’s (NYSE:MCO – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.22 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 EPS. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, equities research analysts forecast that Moody’s Corporation will post 16.69 earnings per share for the current fiscal year.
Moody’s Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. Moody’s’s dividend payout ratio is presently 29.53%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Mizuho decreased their target price on shares of Moody’s from $524.00 to $521.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. BMO Capital Markets reiterated a “market perform” rating on shares of Moody’s in a report on Tuesday, May 26th. Wolfe Research restated an “outperform” rating and issued a $535.00 price target on shares of Moody’s in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. One investment 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.com, Moody’s has an average rating of “Moderate Buy” and a consensus price target of $541.83.
View Our Latest Stock Report on MCO
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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