Moody’s Corporation $MCO Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lessened its stake in Moody’s Corporation (NYSE:MCO) by 93.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355 shares of the business services provider’s stock after selling 4,701 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Moody’s were worth $178,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Integrated Advisors Network LLC boosted its stake in shares of Moody’s by 8.1% in the fourth quarter. Integrated Advisors Network LLC now owns 745 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Moody’s by 50.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,040 shares of the business services provider’s stock valued at $7,119,000 after buying an additional 5,041 shares during the last quarter. 111 Capital acquired a new stake in shares of Moody’s during the fourth quarter valued at about $352,000. Wellington Management Group LLP increased its position in shares of Moody’s by 24.2% during the fourth quarter. Wellington Management Group LLP now owns 136,873 shares of the business services provider’s stock worth $64,792,000 after acquiring an additional 26,702 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Moody’s by 26.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 592 shares of the business services provider’s stock worth $276,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Stock Down 0.4%

MCO stock opened at $472.79 on Friday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. The stock has a market cap of $84.63 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 3.04 and a beta of 1.42. The firm’s 50-day simple moving average is $506.56 and its 200 day simple moving average is $480.29.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.17. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the business earned $3.28 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, sell-side analysts predict that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Moody’s’s payout ratio is currently 31.95%.

Analyst Ratings Changes

MCO has been the subject of several research analyst reports. Barclays increased their target price on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Mizuho increased their price objective on shares of Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Moody’s from $495.00 to $565.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Oppenheimer increased their price target on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on Moody’s from $493.00 to $498.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $540.71.

Insider Buying and Selling at Moody’s

In related news, insider Michael L. West sold 3,704 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $511.10, for a total value of $1,893,114.40. Following the completion of the transaction, the insider owned 8,209 shares of the company’s stock, valued at approximately $4,195,619.90. This trade represents a 31.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard G. Steele sold 1,457 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total value of $741,365.31. Following the completion of the sale, the senior vice president directly owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. This trade represents a 51.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,423 shares of company stock valued at $4,812,135. Corporate insiders own 0.14% of the company’s stock.

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.