Moody’s Corporation $MCO Shares Bought by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust increased its holdings in Moody’s Corporation (NYSE:MCO) by 38.6% during the third quarter, Holdings Channel.com reports. The firm owned 18,428 shares of the business services provider’s stock after acquiring an additional 5,128 shares during the quarter. Moody’s accounts for 2.0% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s investment portfolio, making the stock its 21st largest holding. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings in Moody’s were worth $8,369,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC grew its stake in shares of Moody’s by 10.5% during the third quarter. CWA Asset Management Group LLC now owns 7,622 shares of the business services provider’s stock valued at $3,461,000 after buying an additional 722 shares during the last quarter. Novem Group lifted its stake in shares of Moody’s by 2.4% in the 3rd quarter. Novem Group now owns 2,394 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 56 shares during the last quarter. Prairie Advisory LLC boosted its holdings in Moody’s by 27.8% during the 3rd quarter. Prairie Advisory LLC now owns 6,680 shares of the business services provider’s stock valued at $3,034,000 after acquiring an additional 1,454 shares during the period. IFP Advisors Inc boosted its holdings in Moody’s by 2.1% during the 3rd quarter. IFP Advisors Inc now owns 4,587 shares of the business services provider’s stock valued at $2,083,000 after acquiring an additional 96 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in Moody’s by 4.0% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 2,332 shares of the business services provider’s stock valued at $1,059,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Activity

In other news, CEO Robert Fauber sold 1,467 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $484.30, for a total transaction of $710,468.10. Following the transaction, the chief executive officer directly owned 51,964 shares of the company’s stock, valued at approximately $25,166,165.20. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Analyst Weigh In

MCO has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Moody’s from $590.00 to $597.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Moody’s from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Morgan Stanley dropped their price objective on Moody’s from $512.00 to $470.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 7th. Royal Bank Of Canada dropped their price objective on Moody’s from $610.00 to $575.00 and set an “outperform” rating for the company in a research note on Friday. Finally, BMO Capital Markets cut their target price on shares of Moody’s from $515.00 to $490.00 and set a “market perform” rating on the stock in a report on Tuesday, October 13th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $551.26.

Moody’s Stock Down 0.8%

NYSE MCO opened at $480.99 on Tuesday. Moody’s Corporation has a 1 year low of $402.28 and a 1 year high of $546.88. The stock has a market capitalization of $83.31 billion, a PE ratio of 29.27, a PEG ratio of 2.50 and a beta of 1.35. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50-day moving average is $477.99 and its 200 day moving average is $467.20.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.42. Moody’s had a return on equity of 80.35% and a net margin of 34.25%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company posted $3.56 EPS. Moody’s’s quarterly 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. Sell-side analysts forecast that Moody’s Corporation will post 16.92 earnings per share for the current year.

Moody’s Profile

Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, analytics and risk-management solutions. Through Moody’s Investors Service, the company assigns credit ratings and publishes research on corporate, government and structured-finance debt issuers, helping investors and other market participants evaluate credit risk.

Through Moody’s Analytics, the company provides financial intelligence, economic research, data, software and advisory services. Its offerings support credit analysis, lending, portfolio management, enterprise risk management, compliance and related functions across financial institutions, corporations, governments and other organizations.

Moody’s traces its origins to 1909, when John Moody established the company that introduced published credit ratings for bonds.