2,155 Moody’s Corporation $MCO Shares Sold by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG reduced its position in Moody’s Corporation (NYSE:MCO) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,219 shares of the business services provider’s stock after selling 2,155 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Moody’s were worth $15,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCO. Edgestream Partners L.P. grew its holdings in shares of Moody’s by 806.7% in the first quarter. Edgestream Partners L.P. now owns 9,239 shares of the business services provider’s stock worth $4,031,000 after acquiring an additional 8,220 shares during the period. Nykredit A S purchased a new stake in Moody’s during the second quarter valued at $37,897,000. AXQ Capital LP purchased a new stake in Moody’s during the second quarter valued at $1,083,000. Jasper Ridge Partners L.P. bought a new position in Moody’s in the second quarter valued at about $4,483,000. Finally, Ironvine Capital Partners LLC lifted its holdings in Moody’s by 4.1% in the second quarter. Ironvine Capital Partners LLC now owns 85,200 shares of the business services provider’s stock valued at $38,589,000 after acquiring an additional 3,353 shares during the period. 92.11% of the stock is owned by institutional investors.

Moody’s Stock Performance

MCO traded down $1.31 during midday trading on Tuesday, reaching $479.95. The company had a trading volume of 698,214 shares, compared to its average volume of 1,049,441. The business has a 50-day moving average of $477.99 and a two-hundred day moving average of $467.20. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.01. Moody’s Corporation has a 1 year low of $402.28 and a 1 year high of $546.88. The company has a market cap of $83.13 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.50 and a beta of 1.35.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.42. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Moody’s had a return on equity of 80.35% and a net margin of 34.25%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.56 EPS. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, equities research analysts predict that Moody’s Corporation will post 16.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on MCO. Weiss Ratings raised Moody’s from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. BMO Capital Markets reduced their price target on shares of Moody’s from $515.00 to $490.00 and set a “market perform” rating for the company in a research report on Tuesday, October 13th. The Goldman Sachs Group increased their price objective on shares of Moody’s from $557.00 to $593.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada dropped their price objective on shares of Moody’s from $610.00 to $575.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Evercore raised their price objective on shares of Moody’s from $570.00 to $588.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $551.26.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 923 shares of Moody’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $455.00, for a total transaction of $419,965.00. Following the transaction, the chief executive officer owned 51,364 shares of the company’s stock, valued at $23,370,620. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.14% of the company’s stock.

Moody’s Company 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.