Banque Cantonale Vaudoise decreased its holdings in Moody’s Corporation (NYSE:MCO – Free Report) by 16.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,630 shares of the business services provider’s stock after selling 1,904 shares during the period. Banque Cantonale Vaudoise’s holdings in Moody’s were worth $4,200,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in MCO. Sivia Capital Partners LLC bought a new position in shares of Moody’s in the second quarter valued at about $267,000. Federated Hermes Inc. raised its holdings in Moody’s by 15.5% in the 2nd quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider’s stock valued at $5,475,000 after acquiring an additional 1,461 shares during the period. NewEdge Advisors LLC lifted its position in Moody’s by 6.2% during the second quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider’s stock worth $736,000 after acquiring an additional 86 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Moody’s by 3.8% during the second quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider’s stock worth $12,692,000 after acquiring an additional 929 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Moody’s by 0.4% during the second quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider’s stock worth $36,423,000 after acquiring an additional 280 shares during the period. 92.11% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Moody’s
In other Moody’s news, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction 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 sale, the senior vice president owned 1,985 shares of the company’s stock, valued at approximately $900,534.95. This trade represents a 7.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of Moody’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $665,533.89. Following the completion of the transaction, the chief executive officer owned 52,564 shares in the company, valued at approximately $23,846,709.88. The trade was a 2.72% decrease in their position. 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 4,717 shares of company stock valued at $2,137,306 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.
Moody’s Stock Up 1.5%
Moody’s (NYSE:MCO – Get Free Report) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $4.22 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $3.83 EPS. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Sell-side analysts forecast that Moody’s Corporation will post 16.69 earnings per share for the current fiscal year.
Moody’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 0.9%. Moody’s’s dividend payout ratio is presently 29.53%.
Wall Street Analysts Forecast Growth
MCO has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “market perform” rating on shares of Moody’s in a research note on Tuesday, May 26th. Morgan Stanley reduced their price target on Moody’s from $526.00 to $489.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 7th. Wolfe Research reiterated an “outperform” rating and set a $535.00 price objective on shares of Moody’s in a research report on Thursday, April 23rd. Wall Street Zen downgraded Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Rothschild & Co Redburn set a $500.00 target price on shares of Moody’s in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.83.
Get Our Latest Stock Analysis on MCO
Moody’s Company 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.
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