Voya Investment Management LLC Sells 5,690 Shares of Moody’s Corporation $MCO

Voya Investment Management LLC decreased its stake in Moody’s Corporation (NYSE:MCO) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 425,598 shares of the business services provider’s stock after selling 5,690 shares during the period. Voya Investment Management LLC’s holdings in Moody’s were worth $202,789,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCO. Boston Trust Walden Corp increased its stake in shares of Moody’s by 0.3% during the 2nd quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after purchasing an additional 20 shares during the last quarter. VestGen Advisors LLC grew its holdings in Moody’s by 2.0% during the second quarter. VestGen Advisors LLC now owns 1,097 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 21 shares during the period. ORG Partners LLC increased its position in Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares during the last quarter. McLean Asset Management Corp raised its stake in shares of Moody’s by 3.1% in the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after buying an additional 23 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in shares of Moody’s by 42.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after buying an additional 24 shares during the last quarter. 92.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCO. Stifel Nicolaus lowered their price objective on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company boosted their price objective on Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $544.75.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 2,154 shares of company stock worth $1,041,098 in the last ninety days. 0.14% of the stock is currently owned by company insiders.

Moody’s Price Performance

Shares of Moody’s stock opened at $497.49 on Friday. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $88.75 billion, a P/E ratio of 39.99, a P/E/G ratio of 2.82 and a beta of 1.45. The stock’s fifty day moving average is $483.90 and its 200 day moving average is $492.99.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Sell-side analysts anticipate that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s dividend payout ratio is currently 30.23%.

Moody’s Company Profile

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.