Moody's Corporation $MCO Shares Sold by Credit Agricole S A

Key Points

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Credit Agricole S A trimmed its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 58.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,235 shares of the business services provider's stock after selling 133,501 shares during the period. Credit Agricole S A owned about 0.05% of Moody's worth $44,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Moody's by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider's stock valued at $6,899,490,000 after acquiring an additional 119,548 shares in the last quarter. Northern Trust Corp lifted its position in shares of Moody's by 20.5% in the fourth quarter. Northern Trust Corp now owns 1,776,729 shares of the business services provider's stock valued at $841,050,000 after acquiring an additional 302,453 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Moody's by 16.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,590,679 shares of the business services provider's stock valued at $752,980,000 after acquiring an additional 220,681 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Moody's by 9.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider's stock valued at $738,897,000 after acquiring an additional 140,128 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Moody's by 21.0% in 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 in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Moody's Stock Up 1.2%

Shares of Moody's stock traded up $6.0230 during trading hours on Friday, reaching $515.4930. 642,948 shares of the company were exchanged, compared to its average volume of 688,775. Moody's Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The stock's fifty day moving average is $502.31 and its 200 day moving average is $480.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $92.27 billion, a PE ratio of 43.80, a PEG ratio of 3.26 and a beta of 1.40.

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

Moody's Announces Dividend

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

Insider Activity

In related news, insider Stephen T. Tulenko sold 2,120 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the completion of the transaction, the insider owned 5,558 shares in the company, valued at approximately $2,841,138.44. The trade was a 27.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Fauber sold 415 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $521.45, for a total transaction of $216,401.75. Following the transaction, the chief executive officer owned 61,618 shares of the company's stock, valued at approximately $32,130,706.10. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,008 shares of company stock valued at $4,599,385. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MCO shares. Wells Fargo & Company raised their target price on shares of Moody's from $573.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Mizuho boosted their price target on Moody's from $496.00 to $532.00 and gave the company a "neutral" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on Moody's from $495.00 to $565.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Barclays raised their target price on Moody's from $520.00 to $580.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $550.00 price objective on shares of Moody's in a research note on Wednesday, June 4th. Ten research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Moody's has an average rating of "Moderate Buy" and an average price target of $538.80.

Moody's Company 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.