Moody’s Corporation $MCO Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

by · The Cerbat Gem

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Moody’s Corporation (NYSE:MCOFree Report) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,687 shares of the business services provider’s stock after selling 1,362 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Moody’s were worth $18,231,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Moody’s in the 2nd quarter valued at about $25,000. Caitlin John LLC purchased a new position in shares of Moody’s in the 3rd quarter valued at about $27,000. Ares Financial Consulting LLC purchased a new position in shares of Moody’s in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Moody’s in the 3rd quarter valued at about $30,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Moody’s in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCO shares. Barclays decreased their price objective on Moody’s from $580.00 to $550.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. JPMorgan Chase & Co. decreased their price objective 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. UBS Group decreased their price objective on Moody’s from $515.00 to $490.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company lifted their price objective on Moody’s from $560.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings cut Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $544.29.

Get Our Latest Stock Report on Moody’s

Moody’s Trading Down 0.2%

MCO opened at $452.46 on Monday. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.44 and a beta of 1.35. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The business’s 50 day moving average is $445.30 and its two-hundred day moving average is $471.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.03.

Moody’s (NYSE:MCOGet Free Report) last released its quarterly 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. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 earnings per share. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, research analysts predict that Moody’s Corporation will post 16.69 EPS for the current year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 0.9%. Moody’s’s payout ratio is 29.53%.

Insider Activity at Moody’s

In other Moody’s news, CEO Robert Fauber sold 5,213 shares of Moody’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $456.71, for a total transaction of $2,380,829.23. Following the transaction, the chief executive officer owned 75,789 shares of the company’s stock, valued at $34,613,594.19. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Richard G. Steele sold 375 shares of Moody’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $456.71, for a total value of $171,266.25. Following the transaction, the senior vice president directly owned 2,459 shares in the company, valued at approximately $1,123,049.89. This trade represents a 13.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 8,680 shares of company stock worth $3,952,188. 0.14% of the stock is currently owned by corporate insiders.

About Moody’s

(Free Report)

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.

See Also

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