National Bank of Canada FI Sells 7,239 Shares of Moody’s Corporation $MCO

National Bank of Canada FI trimmed its position in Moody’s Corporation (NYSE:MCO) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,320 shares of the business services provider’s stock after selling 7,239 shares during the quarter. National Bank of Canada FI owned 0.12% of Moody’s worth $111,476,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MCO. Vanguard Group Inc. increased its stake in shares of Moody’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 15,006,997 shares of the business services provider’s stock valued at $7,527,360,000 after purchasing an additional 191,368 shares during the last quarter. TCI Fund Management Ltd. lifted its position in shares of Moody’s by 0.6% during the 2nd quarter. TCI Fund Management Ltd. now owns 13,246,979 shares of the business services provider’s stock worth $6,644,552,000 after buying an additional 83,872 shares during the last quarter. Geode Capital Management LLC boosted its stake in Moody’s by 1.8% in the second quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after buying an additional 69,455 shares in the last quarter. Fiera Capital Corp grew its position in Moody’s by 1.4% in the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after acquiring an additional 35,123 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its position in Moody’s by 10.3% in the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after acquiring an additional 215,551 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 2,154 shares of company stock worth $1,041,098. Corporate insiders own 0.14% of the company’s stock.

Moody’s Stock Performance

Shares of Moody’s stock opened at $486.48 on Monday. The stock has a market cap of $86.79 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.75 and a beta of 1.45. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The company’s fifty day moving average is $483.44 and its 200 day moving average is $492.77. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70.

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

Moody’s Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on MCO shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. BMO Capital Markets lowered their price objective on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research report on Thursday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Mizuho boosted their target price on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley set a $520.00 price target on Moody’s in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.