Norinchukin Bank The Has $3.76 Million Stock Position in Moody's Corporation $MCO

Key Points

• Norinchukin Bank increased its holdings in Moody's Corporation by 15.0%, now owning 8,074 shares valued at approximately $3.76 million.
• Several institutional investors, including Hennion & Walsh and Horizon Financial Services, also significantly raised their positions in Moody's stock during the first quarter, indicating strong institutional interest.
• Moody's reported better-than-expected quarterly earnings, with $3.56 EPS, surpassing the consensus estimate, and has set FY 2025 guidance between $13.50 to $14.00 EPS.

Norinchukin Bank The grew its position in Moody's Corporation (NYSE:MCO - Free Report) by 15.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,074 shares of the business services provider's stock after purchasing an additional 1,054 shares during the quarter. Norinchukin Bank The's holdings in Moody's were worth $3,760,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Bank Pictet & Cie Europe AG raised its holdings in shares of Moody's by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 73,335 shares of the business services provider's stock valued at $34,715,000 after buying an additional 10,350 shares during the last quarter. NewEdge Advisors LLC increased its stake in Moody's by 61.0% during the 4th quarter. NewEdge Advisors LLC now owns 2,123 shares of the business services provider's stock worth $1,005,000 after purchasing an additional 804 shares in the last quarter. MML Investors Services LLC boosted its position in Moody's by 0.6% during the 4th quarter. MML Investors Services LLC now owns 17,162 shares of the business services provider's stock worth $8,124,000 after acquiring an additional 102 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in Moody's by 16.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,859 shares of the business services provider's stock worth $2,774,000 after acquiring an additional 832 shares during the last quarter. Finally, Syon Capital LLC raised its stake in shares of Moody's by 4.0% during the 4th quarter. Syon Capital LLC now owns 1,733 shares of the business services provider's stock worth $820,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company's stock.

Moody's Trading Up 1.2%

Shares of MCO traded up $6.0230 during midday trading on Friday, hitting $515.4930. 642,948 shares of the stock were exchanged, compared to its average volume of 686,497. The firm has a market cap of $92.27 billion, a P/E ratio of 43.80, a P/E/G ratio of 3.30 and a beta of 1.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. Moody's Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. The stock has a fifty day simple moving average of $502.31 and a 200 day simple moving average of $479.87.

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

Moody's Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MCO. Morgan Stanley increased their price target on Moody's from $493.00 to $498.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Barclays increased their price objective on Moody's from $520.00 to $580.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group increased their target price on Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on Moody's from $573.00 to $595.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Oppenheimer boosted their target price on Moody's from $552.00 to $563.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Ten investment 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $538.80.

Insider Buying and Selling

In other Moody's news, SVP Richard G. Steele sold 1,457 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total value of $741,365.31. Following the completion of the transaction, the senior vice president directly owned 1,386 shares in the company, valued at approximately $705,238.38. The trade was a 51.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen T. Tulenko sold 2,120 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the sale, the insider directly owned 5,558 shares of the company's stock, valued at approximately $2,841,138.44. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,008 shares of company stock worth $4,599,385 in the last three months. 0.14% of the stock is currently owned by insiders.

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.