Generate Investment Management Ltd Purchases Shares of 9,072 Moody's Corporation $MCO

Key Points

• Generate Investment Management Ltd purchased 9,072 shares of Moody's Corporation, valued at approximately $4.55 million, in the second quarter.
• Moody's reported a 4.5% year-over-year revenue increase and exceeded earnings estimates with an EPS of $3.56 for the last quarter.
• Moody's announced a quarterly dividend of $0.94 per share, indicating a 0.8% yield based on current stock price.

Generate Investment Management Ltd acquired a new position in Moody's Corporation (NYSE:MCO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,072 shares of the business services provider's stock, valued at approximately $4,550,000.

Several other large investors have also modified their holdings of MCO. Nuveen LLC acquired a new position in Moody's during the 1st quarter worth $328,595,000. Goldman Sachs Group Inc. grew 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 purchasing an additional 265,389 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Moody's by 142.4% in the first quarter. SG Americas Securities LLC now owns 71,040 shares of the business services provider's stock worth $33,083,000 after purchasing an additional 238,569 shares during the period. PineStone Asset Management Inc. lifted its position in shares of Moody's by 10.3% during the 2nd 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 during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Moody's by 70.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 447,444 shares of the business services provider's stock valued at $208,370,000 after purchasing an additional 184,297 shares during the period. 92.11% of the stock is owned by institutional investors.

Insider Activity 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 company's 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 sale, the insider directly owned 8,209 shares of the company's stock, valued at approximately $4,195,619.90. This trade represents a 31.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,423 shares of company stock worth $4,812,135. 0.14% of the stock is owned by company insiders.

Moody's Stock Performance

Shares of NYSE:MCO opened at $476.80 on Monday. 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 Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The stock has a market capitalization of $85.35 billion, a P/E ratio of 40.51, a P/E/G ratio of 3.05 and a beta of 1.42. The business has a 50-day moving average price of $506.10 and a two-hundred day moving average price of $481.09.

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

Moody's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Moody's's payout ratio is currently 31.95%.

Analyst Upgrades and Downgrades

Several research analysts have commented on MCO shares. JPMorgan Chase & Co. lifted their price target on Moody's from $495.00 to $565.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their target price on shares of Moody's from $595.00 to $597.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Morgan Stanley upped their target price on shares of Moody's from $493.00 to $498.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Mizuho raised their price target on shares of Moody's from $496.00 to $532.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets upped their price objective on shares of Moody's from $509.00 to $534.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $540.71.

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.

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