Bank of New York Mellon Corp Acquires New Position in Moody's Corporation $MCO

Bank of New York Mellon Corp bought a new position in Moody's Corporation (NYSE:MCO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,019,609 shares of the business services provider's stock, valued at approximately $914,721,000. Bank of New York Mellon Corp owned approximately 1.17% of Moody's as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCO. Newbridge Financial Services Group Inc. acquired a new stake in Moody's during the second quarter valued at $25,000. Birchwood Financial Partners Inc. acquired a new position in Moody's in the 4th quarter worth about $26,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Moody's during the 4th quarter worth about $27,000. Ares Financial Consulting LLC acquired a new stake in shares of Moody's during the 4th quarter valued at about $29,000. Finally, Wilkerson Advisory Group LLC lifted its holdings in shares of Moody's by 87.1% during the 1st quarter. Wilkerson Advisory Group LLC now owns 58 shares of the business services provider's stock valued at $25,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company's stock.

Insiders Place Their Bets

In other Moody's news, SVP Richard G. Steele sold 158 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the sale, the senior vice president directly owned 1,985 shares of the company's stock, valued at $900,534.95. This represents a 7.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $484.30, for a total transaction of $710,468.10. Following the completion of the sale, the chief executive officer owned 51,964 shares in the company, valued at $25,166,165.20. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,092 shares of company stock worth $1,447,682 in the last ninety days. 0.14% of the stock is currently owned by insiders.

Moody's Stock Up 0.3%

MCO stock opened at $498.33 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.19. Moody's Corporation has a 52-week low of $402.28 and a 52-week high of $546.88. The company has a 50-day moving average of $478.11 and a two-hundred day moving average of $458.34. The stock has a market capitalization of $86.31 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33.

Moody's (NYSE:MCO - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.42. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.09 billion. Moody's had a return on equity of 80.35% and a net margin of 34.25%.The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.56 EPS. Moody's has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, equities research analysts anticipate that Moody's Corporation will post 16.89 EPS for the current year.

Moody's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.12 annualized dividend and a dividend yield of 0.8%. Moody's's dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MCO shares. Mizuho raised their price objective on shares of Moody's from $521.00 to $530.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Moody's from $530.00 to $600.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Jefferies Financial Group assumed coverage on shares of Moody's in a report on Friday, July 17th. They set a "buy" rating and a $610.00 price target on the stock. UBS Group reaffirmed a "neutral" rating and issued a $505.00 price objective on shares of Moody's in a research note on Thursday, July 23rd. Finally, Citigroup reiterated a "buy" rating on shares of Moody's in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $553.61.

About Moody's

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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