Generali Investments Management Co LLC Buys New Position in Moody’s Corporation $MCO

Generali Investments Management Co LLC purchased a new position in Moody’s Corporation (NYSE:MCO) during the 2nd quarter, HoldingsChannel reports. The firm purchased 128 shares of the business services provider’s stock, valued at approximately $64,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC raised its holdings in shares of Moody’s by 24.4% in the 1st quarter. CWM LLC now owns 3,839 shares of the business services provider’s stock worth $1,788,000 after purchasing an additional 752 shares in the last quarter. Larson Financial Group LLC grew its position in Moody’s by 84.3% in the first quarter. Larson Financial Group LLC now owns 223 shares of the business services provider’s stock worth $104,000 after buying an additional 102 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Moody’s by 13.6% in the first quarter. Kingsview Wealth Management LLC now owns 888 shares of the business services provider’s stock valued at $414,000 after buying an additional 106 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Moody’s during the 1st quarter valued at $466,000. Finally, IFP Advisors Inc boosted its stake in shares of Moody’s by 128.5% during the 1st quarter. IFP Advisors Inc now owns 3,950 shares of the business services provider’s stock worth $1,841,000 after acquiring an additional 2,221 shares in the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Moody’s Stock Down 2.4%

Shares of Moody’s stock opened at $478.95 on Monday. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The company has a market cap of $85.44 billion, a P/E ratio of 38.50, a P/E/G ratio of 2.79 and a beta of 1.40. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The stock has a 50-day moving average price of $486.68 and a 200 day moving average price of $491.60.

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

Moody’s Dividend Announcement

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

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This trade represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 2,569 shares of company stock worth $1,253,848. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MCO. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of Moody’s in a report on Friday, October 31st. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Morgan Stanley set a $520.00 target price on shares of Moody’s in a report on Thursday, October 9th. Finally, Wells Fargo & Company boosted their price target on shares of Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned 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 $543.07.

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.