Ninety One UK Ltd trimmed its position in Moody’s Corporation (NYSE:MCO – Free Report) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807,981 shares of the business services provider’s stock after selling 28,590 shares during the period. Ninety One UK Ltd owned approximately 0.47% of Moody’s worth $366,928,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCO. Ninety One SA Pty Ltd raised its position in Moody’s by 1.4% during the 3rd quarter. Ninety One SA Pty Ltd now owns 19,739 shares of the business services provider’s stock worth $8,980,000 after buying an additional 263 shares during the last quarter. William Allan Corp lifted its stake in shares of Moody’s by 3.1% in the 3rd quarter. William Allan Corp now owns 3,518 shares of the business services provider’s stock worth $1,598,000 after acquiring an additional 107 shares during the period. Reliant Investment Management LLC purchased a new stake in shares of Moody’s in the third quarter valued at about $347,000. First Citizens Bank & Trust Co. boosted its holdings in shares of Moody’s by 269.5% in the third quarter. First Citizens Bank & Trust Co. now owns 2,158 shares of the business services provider’s stock valued at $980,000 after acquiring an additional 1,574 shares in the last quarter. Finally, Sax Wealth Advisors LLC boosted its holdings in shares of Moody’s by 34.6% in the third quarter. Sax Wealth Advisors LLC now owns 810 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 208 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Moody’s
In other news, CEO Robert Fauber sold 1,467 shares of Moody’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $484.30, for a total transaction of $710,468.10. Following the completion of the sale, the chief executive officer directly owned 51,964 shares in the company, valued at approximately $25,166,165.20. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on MCO. Jefferies Financial Group initiated coverage on shares of Moody’s in a report on Friday, July 17th. They set a “buy” rating and a $610.00 price target for the company. BMO Capital Markets lowered their price objective on Moody’s from $515.00 to $490.00 and set a “market perform” rating on the stock in a report on Tuesday. Barclays boosted their target price on Moody’s from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Weiss Ratings upgraded Moody’s from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Citigroup reissued a “buy” rating and set a $600.00 target price (up from $565.00) on shares of Moody’s in a research note on Wednesday, July 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $555.74.
Check Out Our Latest Report on MCO
Moody’s Price Performance
Shares of NYSE:MCO traded up $18.58 on Thursday, reaching $481.35. 475,035 shares of the company were exchanged, compared to its average volume of 1,051,603. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.01. Moody’s Corporation has a 1-year low of $402.28 and a 1-year high of $546.88. The firm has a market cap of $83.37 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.38 and a beta of 1.35. The company has a 50-day moving average of $477.53 and a 200-day moving average of $466.10.
Moody’s (NYSE:MCO – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.42. Moody’s had a net margin of 34.25% and a return on equity of 80.35%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $3.56 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. Equities analysts forecast that Moody’s Corporation will post 16.95 earnings per share for the current fiscal year.
Moody’s Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 14th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a yield of 0.9%. Moody’s’s dividend payout ratio (DPR) is 26.13%.
Moody’s Profile
Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, and analytical tools. Through Moody’s Ratings, the company evaluates the creditworthiness of companies, governments, financial institutions, and structured finance securities, offering opinions and research used by investors, issuers, and other market participants.
Through Moody’s Analytics, the company provides financial intelligence, economic research, risk assessment tools, data, and software. Its products support credit and market risk management, compliance, portfolio analysis, lending, insurance, and corporate planning.
Moody’s traces its origins to 1909, when John Moody published an analysis of railroad securities.
Recommended Stories
- Five stocks we like better than Moody’s
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
- Fastenal Flashes Bullish Signal as Uptrend Holds Despite Margin Pressure
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Corporation (NYSE:MCO – Free Report).
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.
