Moody’s Corporation $MCO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of Moody’s Corporation (NYSE:MCO) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,613,028 shares of the business services provider’s stock after selling 105,268 shares during the period. Bank of New York Mellon Corp owned approximately 1.46% of Moody’s worth $1,310,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Moody’s by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock valued at $6,899,490,000 after purchasing an additional 119,548 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in shares of Moody’s by 10.3% in the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after purchasing an additional 215,551 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Moody’s by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,651,495 shares of the business services provider’s stock valued at $769,085,000 after purchasing an additional 60,816 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Moody’s by 9.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock valued at $738,897,000 after purchasing an additional 140,128 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Moody’s by 21.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock worth $712,777,000 after acquiring an additional 265,389 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCO. BMO Capital Markets cut their target price on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “buy (b)” rating on shares of Moody’s in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $543.07.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 546 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $493.90, for a total value of $269,669.40. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $30,168,399.80. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 1,817 shares of company stock valued at $911,315. Insiders own 0.14% of the company’s stock.

Moody’s Stock Up 0.4%

MCO opened at $480.72 on Monday. The business’s 50-day simple moving average is $490.45 and its 200-day simple moving average is $487.92. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93. The stock has a market capitalization of $85.76 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.41.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the firm earned $3.21 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Analysts anticipate that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s payout ratio is 30.23%.

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.