APG Asset Management N.V. Has $44.24 Million Position in Moody's Corporation $MCO

Key Points

• APG Asset Management N.V. has reduced its holdings in Moody's Corporation by 4.6%, owning 102,605 shares after selling 4,977 shares in the first quarter, which is valued at approximately $44 million.
• Several large investors, including Vanguard Group and Goldman Sachs, have also increased their stakes in Moody's, indicating a strong interest from institutional investors.
• Research firms have raised their price targets for Moody's, with a consensus target price of $538.80, reflecting a "Moderate Buy" rating from analysts.

APG Asset Management N.V. decreased its position in Moody's Corporation (NYSE:MCO - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 102,605 shares of the business services provider's stock after selling 4,977 shares during the quarter. APG Asset Management N.V. owned 0.06% of Moody's worth $44,235,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC grew its holdings in shares of Moody's by 1,000.0% in the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Moody's by 5,050.0% in the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after purchasing an additional 101 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Moody's in the 1st quarter worth about $49,000. Meeder Asset Management Inc. grew its holdings in shares of Moody's by 132.6% in the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider's stock worth $50,000 after purchasing an additional 61 shares during the last quarter. Finally, Motco grew its holdings in shares of Moody's by 581.3% during the first quarter. Motco now owns 109 shares of the business services provider's stock worth $51,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 92.11% of the company's stock.

Wall Street Analysts Forecast Growth

MCO has been the topic of several research analyst reports. Oppenheimer increased their target price on Moody's from $552.00 to $563.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Robert W. Baird increased their target price on Moody's from $525.00 to $552.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group increased their target price on Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. increased their target price on Moody's from $495.00 to $565.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Mizuho increased their target price on Moody's from $496.00 to $532.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $538.80.

Moody's Trading Up 0.3%

Moody's stock traded up $1.76 during mid-day trading on Tuesday, hitting $511.76. The stock had a trading volume of 616,545 shares, compared to its average volume of 699,711. The stock has a 50-day simple moving average of $503.79 and a two-hundred day simple moving average of $480.14. The stock has a market capitalization of $91.61 billion, a PE ratio of 43.48, a P/E/G ratio of 3.26 and a beta of 1.40. Moody's Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.70.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.17. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.82 billion. Moody's had a return on equity of 60.73% and a net margin of 29.18%.The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.28 earnings per share. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, sell-side analysts forecast that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.76 annualized dividend and a yield of 0.7%. Moody's's dividend payout ratio is presently 31.95%.

Insider Transactions at Moody's

In other Moody's news, CFO Noemie Clemence Heuland sold 897 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total value of $455,891.28. Following the transaction, the chief financial officer owned 2,148 shares of the company's stock, valued at approximately $1,091,699.52. This represents a 29.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael L. West sold 3,704 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $511.10, for a total value of $1,893,114.40. Following the completion of the transaction, the insider directly owned 8,209 shares in the company, valued at $4,195,619.90. The trade was a 31.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,008 shares of company stock valued at $4,599,385. Corporate insiders own 0.14% of the company's stock.

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.