Moody's Corporation $MCO Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Moody's Corporation (NYSE:MCO - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,420,099 shares of the business services provider's stock after purchasing an additional 33,024 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.82% of Moody's worth $643,191,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MCO. New Mexico Educational Retirement Board lifted its position in Moody's by 8.5% during the second quarter. New Mexico Educational Retirement Board now owns 7,692 shares of the business services provider's stock worth $3,484,000 after buying an additional 600 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of Moody's by 275.2% during the 2nd quarter. Royal London Asset Management Ltd. now owns 319,889 shares of the business services provider's stock worth $144,884,000 after acquiring an additional 234,640 shares during the period. Mufg Securities Americas Inc. raised its stake in Moody's by 6.6% during the second quarter. Mufg Securities Americas Inc. now owns 4,525 shares of the business services provider's stock worth $2,049,000 after purchasing an additional 280 shares during the period. Wellington Management Group LLP grew its stake in shares of Moody's by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 52,452 shares of the business services provider's stock valued at $23,757,000 after buying an additional 3,480 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Moody's during the 2nd quarter worth $489,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 1,467 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $484.30, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of Moody's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $453.67, for a total value of $71,679.86. Following the transaction, the senior vice president directly owned 1,985 shares in the company, valued at approximately $900,534.95. The trade was a 7.37% 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 sold a total of 3,092 shares of company stock worth $1,447,682 in the last three months. Company insiders own 0.14% of the company's stock.

Moody's Price Performance

Shares of NYSE MCO opened at $515.69 on Friday. The stock has a market cap of $89.32 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.55 and a beta of 1.33. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.01. The firm's 50-day simple moving average is $484.86 and its 200 day simple moving average is $460.08. Moody's Corporation has a fifty-two week low of $402.28 and a fifty-two week high of $546.88.

Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 EPS for the quarter, topping analysts' consensus estimates of $4.26 by $0.42. Moody's had a net margin of 34.25% and a return on equity of 80.35%. The company 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 firm earned $3.56 EPS. Moody's's revenue was up 15.1% on a year-over-year basis. Moody's has set its FY 2026 guidance at 16.500-17.000 EPS. Equities analysts expect that Moody's Corporation will post 16.89 EPS for the current year.

Moody's Dividend Announcement

The company 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. Moody's's payout ratio is currently 26.13%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCO. UBS Group reiterated a "neutral" rating and set a $505.00 target price on shares of Moody's in a report on Thursday, July 23rd. BMO Capital Markets increased their price objective on shares of Moody's from $489.00 to $515.00 and gave the company a "market perform" rating in a research report on Tuesday, July 7th. Robert W. Baird lifted their price objective on shares of Moody's from $557.00 to $572.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Mizuho boosted their target price on shares of Moody's from $521.00 to $530.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on Moody's from $530.00 to $600.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $553.61.

Moody's Profile

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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