Morningstar Investment Management LLC Sells 9,115 Shares of Moody’s Corporation $MCO

Morningstar Investment Management LLC decreased its position in Moody’s Corporation (NYSE:MCOFree Report) by 49.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,465 shares of the business services provider’s stock after selling 9,115 shares during the quarter. Morningstar Investment Management LLC’s holdings in Moody’s were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Moody’s by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 15,272,967 shares of the business services provider’s stock valued at $7,802,195,000 after acquiring an additional 102,682 shares during the last quarter. Geode Capital Management LLC increased its position in Moody’s by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 3,965,480 shares of the business services provider’s stock worth $2,019,551,000 after purchasing an additional 42,966 shares during the last quarter. PineStone Asset Management Inc. raised its stake in Moody’s by 4.9% during the fourth quarter. PineStone Asset Management Inc. now owns 2,375,768 shares of the business services provider’s stock valued at $1,213,661,000 after purchasing an additional 111,725 shares in the last quarter. Morgan Stanley raised its stake in Moody’s by 2.7% during the fourth quarter. Morgan Stanley now owns 2,370,601 shares of the business services provider’s stock valued at $1,211,023,000 after purchasing an additional 62,798 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Moody’s by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 2,349,281 shares of the business services provider’s stock valued at $1,024,874,000 after purchasing an additional 72,043 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Moody’s

In other news, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $466.39, for a total transaction of $684,194.13. Following the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the sale, the senior vice president owned 1,985 shares in the company, valued at approximately $900,534.95. The trade was a 7.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,250 shares of company stock valued at $1,495,098 in the last 90 days. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MCO. Wells Fargo & Company lifted their price objective on shares of Moody’s from $590.00 to $597.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of Moody’s from $530.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Barclays lifted their price target on Moody’s from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Mizuho reduced their price objective on Moody’s from $524.00 to $521.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Finally, Rothschild & Co Redburn set a $500.00 price objective on Moody’s in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Moody’s has a consensus rating of “Moderate Buy” and an average price target of $553.11.

View Our Latest Research Report on MCO

Moody’s News Summary

Here are the key news stories impacting Moody’s this week:

Moody’s Trading Down 0.2%

Shares of MCO opened at $471.30 on Friday. The company’s fifty day simple moving average is $465.04 and its 200-day simple moving average is $464.80. The company has a market cap of $82.34 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.41 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 2.01. Moody’s Corporation has a twelve month low of $402.28 and a twelve month high of $546.88.

Moody’s (NYSE:MCOGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $0.42. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Moody’s had a net margin of 34.25% and a return on equity of 80.35%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.56 EPS. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, analysts expect that Moody’s Corporation will post 16.8 EPS for the current year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 14th. Moody’s’s payout ratio is 29.53%.

About Moody’s

(Free Report)

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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