Moody's Corporation $MCO Shares Purchased by Amundi

Amundi increased its position in shares of Moody's Corporation (NYSE:MCO - Free Report) by 20.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,011,495 shares of the business services provider's stock after buying an additional 168,528 shares during the quarter. Amundi owned about 0.58% of Moody's worth $458,126,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MCO. Sivia Capital Partners LLC purchased a new stake in Moody's in the second quarter valued at approximately $267,000. Federated Hermes Inc. grew its position in shares of Moody's by 15.5% during the second quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider's stock worth $5,475,000 after acquiring an additional 1,461 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Moody's by 6.2% during the second quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider's stock worth $736,000 after acquiring an additional 86 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Moody's by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider's stock valued at $12,692,000 after acquiring an additional 929 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Moody's by 0.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider's stock valued at $36,423,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 92.11% of the company's stock.

Insider Buying and Selling at Moody's

In other news, CEO Robert Fauber sold 1,467 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $484.30, for a total value of $710,468.10. Following the completion of the transaction, the chief executive officer owned 51,964 shares in the company, valued at $25,166,165.20. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.14% of the stock is currently owned by company insiders.

Moody's Stock Performance

NYSE MCO opened at $493.26 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.01. The business's 50 day moving average is $490.77 and its two-hundred day moving average is $463.38. Moody's Corporation has a 12-month low of $402.28 and a 12-month high of $546.88. The stock has a market capitalization of $85.43 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.58 and a beta of 1.34.

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

Moody's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 14th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 14th. Moody's's payout ratio is presently 26.13%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MCO. Rothschild & Co Redburn set a $500.00 price target on shares of Moody's in a research note on Thursday, June 18th. Citigroup restated a "buy" rating on shares of Moody's in a research note on Wednesday, July 29th. Jefferies Financial Group assumed coverage on shares of Moody's in a report on Friday, July 17th. They issued a "buy" rating and a $610.00 target price for the company. Weiss Ratings upgraded shares of Moody's from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, July 15th. Finally, Robert W. Baird increased their target price on shares of Moody's from $557.00 to $572.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.