BI Asset Management Fondsmaeglerselskab A S Purchases 50,299 Shares of Moody’s Corporation $MCO

BI Asset Management Fondsmaeglerselskab A S increased its stake in Moody’s Corporation (NYSE:MCO) by 221.2% in the 4th quarter, Holdings Channel reports. The firm owned 73,043 shares of the business services provider’s stock after purchasing an additional 50,299 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Moody’s were worth $37,314,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cromwell Holdings LLC boosted its holdings in Moody’s by 5.8% during the fourth quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock worth $185,000 after buying an additional 20 shares during the last quarter. DeDora Capital Inc. raised its position in shares of Moody’s by 1.5% during the fourth quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider’s stock worth $672,000 after purchasing an additional 20 shares during the period. Carnegie Investment Counsel raised its position in shares of Moody’s by 1.9% during the fourth quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider’s stock worth $552,000 after purchasing an additional 20 shares during the period. Guyasuta Investment Advisors Inc. raised its position in Moody’s by 2.7% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider’s stock valued at $385,000 after buying an additional 20 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Moody’s by 0.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,899 shares of the business services provider’s stock valued at $2,334,000 after buying an additional 21 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Moody’s news, SVP Richard G. Steele sold 158 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the transaction, the senior vice president owned 1,985 shares of the company’s stock, valued at $900,534.95. This represents a 7.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $453.67, for a total value of $665,533.89. Following the completion of the sale, the chief executive officer owned 52,564 shares in the company, valued at $23,846,709.88. The trade was a 2.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,717 shares of company stock valued at $2,137,306 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MCO. Weiss Ratings lowered Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Barclays lowered their price target on Moody’s from $580.00 to $550.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price target on Moody’s from $600.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, Wolfe Research restated an “outperform” rating and set a $535.00 target price on shares of Moody’s in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $544.29.

Moody’s Price Performance

Shares of NYSE MCO opened at $451.54 on Friday. The stock has a market cap of $78.88 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.35. Moody’s Corporation has a fifty-two week low of $402.28 and a fifty-two week high of $546.88. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a fifty day moving average of $447.29 and a 200-day moving average of $470.24.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, topping the consensus estimate of $4.22 by $0.11. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the business earned $3.83 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Equities research analysts anticipate that Moody’s Corporation will post 16.69 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 0.9%. Moody’s’s dividend payout ratio is currently 29.53%.

Moody’s Company 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.