Leonteq Securities AG purchased a new stake in shares of Moody’s Corporation (NYSE:MCO – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,107 shares of the business services provider’s stock, valued at approximately $1,587,000.
Other large investors have also added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new position in shares of Moody’s during the 2nd quarter valued at approximately $267,000. Federated Hermes Inc. boosted its position in shares of Moody’s by 15.5% during 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 last quarter. NewEdge Advisors LLC boosted its position in shares of Moody’s by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider’s stock valued at $736,000 after acquiring an additional 86 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Moody’s by 3.8% during the 2nd quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider’s stock valued at $12,692,000 after acquiring an additional 929 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Moody’s by 0.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider’s stock valued at $36,423,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Robert Fauber sold 5,213 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $456.71, for a total transaction of $2,380,829.23. Following the completion of the transaction, the chief executive officer owned 75,789 shares in the company, valued at $34,613,594.19. The trade was a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Richard G. Steele sold 375 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $456.71, for a total value of $171,266.25. Following the transaction, the senior vice president owned 2,459 shares of the company’s stock, valued at approximately $1,123,049.89. The trade was a 13.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,680 shares of company stock valued at $3,952,188. 0.14% of the stock is owned by company insiders.
Moody’s Price Performance
Moody’s (NYSE:MCO – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.83 EPS. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Equities analysts expect that Moody’s Corporation will post 16.69 EPS for the current year.
Moody’s Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 15th will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 0.9%. Moody’s’s payout ratio is presently 29.53%.
Analysts Set New Price Targets
MCO has been the subject of a number of research reports. Mizuho lowered their target price on Moody’s from $524.00 to $521.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets reiterated a “market perform” rating and set a $489.00 target price on shares of Moody’s in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lowered their target price on Moody’s from $600.00 to $560.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Weiss Ratings cut Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Finally, Wells Fargo & Company lifted their target price on Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $544.29.
Check Out Our Latest Report 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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