Tema Etfs LLC Grows Stock Holdings in Moody’s Corporation $MCO

Tema Etfs LLC raised its holdings in Moody’s Corporation (NYSE:MCO) by 75.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,771 shares of the business services provider’s stock after acquiring an additional 2,904 shares during the period. Tema Etfs LLC’s holdings in Moody’s were worth $3,226,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Asset Management One Co. Ltd. lifted its stake in shares of Moody’s by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 73,793 shares of the business services provider’s stock worth $35,161,000 after purchasing an additional 2,202 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Moody’s by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after buying an additional 35,123 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Moody’s by 87.2% during the 2nd quarter. Corient Private Wealth LLC now owns 200,190 shares of the business services provider’s stock valued at $100,414,000 after buying an additional 93,244 shares during the period. Nordea Investment Management AB lifted its position in Moody’s by 19.6% during the 2nd quarter. Nordea Investment Management AB now owns 604,010 shares of the business services provider’s stock worth $298,502,000 after acquiring an additional 98,951 shares in the last quarter. Finally, AXA S.A. boosted its holdings in Moody’s by 43.8% in the 2nd quarter. AXA S.A. now owns 43,286 shares of the business services provider’s stock worth $21,712,000 after acquiring an additional 13,186 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Trading Up 0.1%

MCO opened at $531.51 on Monday. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $540.00. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $94.82 billion, a PE ratio of 42.73, a P/E/G ratio of 2.47 and a beta of 1.45. The firm’s fifty day moving average price is $496.18 and its 200 day moving average price is $497.47.

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

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, November 21st. Moody’s’s payout ratio is currently 30.23%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MCO. Stifel Nicolaus set a $574.00 price objective on shares of Moody’s and gave the company a “buy” rating in a research note on Monday, January 5th. Mizuho raised their price target on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. 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. The Goldman Sachs Group upgraded shares of Moody’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $524.00 to $570.00 in a report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 price objective on shares of Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Moody’s has a consensus rating of “Moderate Buy” and an average target price of $555.93.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,154 shares of company stock worth $1,041,098 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Moody’s Profile

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.