Korea Investment CORP Sells 13,646 Shares of Moody's Corporation $MCO

Key Points

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Korea Investment CORP lowered its position in Moody's Corporation (NYSE:MCO - Free Report) by 12.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 97,565 shares of the business services provider's stock after selling 13,646 shares during the period. Korea Investment CORP owned 0.05% of Moody's worth $45,435,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCO. GAMMA Investing LLC lifted its position in shares of Moody's by 55,808.8% in the 1st quarter. GAMMA Investing LLC now owns 802,850 shares of the business services provider's stock worth $373,879,000 after purchasing an additional 801,414 shares during the period. Nuveen LLC acquired a new position in shares of Moody's in the 1st quarter worth approximately $328,595,000. Northern Trust Corp increased its stake in shares of Moody's by 20.5% in the 4th 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. Goldman Sachs Group Inc. increased its stake in shares of Moody's by 21.0% in the 1st 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. Finally, SG Americas Securities LLC increased its stake in shares of Moody's by 142.4% in the 1st quarter. SG Americas Securities LLC now owns 71,040 shares of the business services provider's stock valued at $33,083,000 after acquiring an additional 238,569 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company's stock.

Insider Buying and Selling at Moody's

In other news, CFO Noemie Clemence Heuland sold 897 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the sale, the chief financial officer owned 2,148 shares in the company, valued at $1,091,699.52. This represents a 29.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Richard G. Steele sold 1,457 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total transaction of $741,365.31. Following the completion of the sale, the senior vice president owned 1,386 shares of the company's stock, valued at approximately $705,238.38. The trade was a 51.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,008 shares of company stock worth $4,599,385 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Moody's Stock Up 1.2%

MCO stock traded up $6.0230 during midday trading on Friday, reaching $515.4930. 642,948 shares of the company's stock traded hands, compared to its average volume of 688,775. The company has a market cap of $92.27 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 3.26 and a beta of 1.40. The firm's fifty day moving average price is $502.31 and its 200-day moving average price is $480.14. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. Moody's Corporation has a 52 week low of $378.71 and a 52 week high of $531.93.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating analysts' consensus estimates of $3.39 by $0.17. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.82 billion. Moody's had a net margin of 29.18% and a return on equity of 60.73%. Moody's's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.28 EPS. 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 earnings per share for the current fiscal year.

Moody's Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.