Moody’s Corporation $MCO Shares Sold by Tema Etfs LLC

Tema Etfs LLC trimmed its position in shares of Moody’s Corporation (NYSE:MCO) by 39.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,867 shares of the business services provider’s stock after selling 2,544 shares during the period. Tema Etfs LLC’s holdings in Moody’s were worth $1,940,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Moody’s in the 2nd quarter worth approximately $987,524,000. Nuveen LLC acquired a new stake in shares of Moody’s in the 1st quarter worth approximately $328,595,000. Generation Investment Management LLP bought a new position in shares of Moody’s in the second quarter valued at approximately $135,968,000. Goldman Sachs Group Inc. increased its stake in shares of Moody’s by 21.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after acquiring an additional 265,389 shares during the period. Finally, PineStone Asset Management Inc. raised its holdings in Moody’s by 10.3% during the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock worth $1,159,185,000 after purchasing an additional 215,551 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MCO shares. Stifel Nicolaus lowered their price target on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley set a $520.00 target price on Moody’s in a report on Thursday, October 9th. Wells Fargo & Company upped their price target on shares of Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. 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. Finally, Evercore ISI boosted their target price on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $543.07.

Moody’s Trading Down 0.6%

Moody’s stock opened at $489.22 on Friday. The company has a 50 day moving average price of $482.63 and a 200 day moving average price of $492.19. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The firm has a market capitalization of $87.28 billion, a price-to-earnings ratio of 39.33, a P/E/G ratio of 2.78 and a beta of 1.45.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Research analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.94 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s dividend payout ratio is currently 30.23%.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 2,569 shares of company stock valued at $1,253,848. 0.14% of the stock is owned by corporate insiders.

Moody’s Profile

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.