Mangrove Partners IM LLC Invests $1.08 Million in Moody’s Corporation $MCO

Mangrove Partners IM LLC acquired a new position in Moody’s Corporation (NYSE:MCO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 2,113 shares of the business services provider’s stock, valued at approximately $1,079,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Moody’s by 5.3% in the 4th quarter. Royal Bank of Canada now owns 789,838 shares of the business services provider’s stock valued at $403,486,000 after acquiring an additional 39,580 shares during the last quarter. Dempze Nancy E bought a new position in Moody’s during the 4th quarter valued at approximately $792,000. Aster Capital Management DIFC Ltd bought a new position in Moody’s during the 4th quarter valued at approximately $182,000. Oddo BHF Asset Management Sas raised its position in Moody’s by 28.8% during the 4th quarter. Oddo BHF Asset Management Sas now owns 14,899 shares of the business services provider’s stock valued at $7,611,000 after purchasing an additional 3,333 shares during the last quarter. Finally, Rakuten Investment Management Inc. raised its position in Moody’s by 48.5% during the 4th quarter. Rakuten Investment Management Inc. now owns 20,524 shares of the business services provider’s stock valued at $10,653,000 after purchasing an additional 6,706 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

Moody’s stock opened at $468.97 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $81.93 billion, a P/E ratio of 33.62, a PEG ratio of 2.44 and a beta of 1.35. The stock’s 50 day moving average is $449.51 and its 200 day moving average is $468.88. Moody’s Corporation has a twelve month low of $402.28 and a twelve month high of $546.88.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share 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 the consensus estimate of $2.11 billion. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.83 EPS. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, equities research analysts predict that Moody’s Corporation will post 16.69 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date of this dividend was 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

In other Moody’s news, SVP Richard G. Steele sold 158 shares of Moody’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares of the company’s stock, valued at approximately $900,534.95. The trade was a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of Moody’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $466.39, for a total transaction of $684,194.13. Following the completion of the transaction, the chief executive officer directly owned 75,189 shares of the company’s stock, valued at $35,067,397.71. This trade represents a 1.91% decrease in their ownership of the stock. 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 sold 4,717 shares of company stock valued at $2,137,306 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MCO shares. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Wolfe Research reaffirmed an “outperform” rating and set a $535.00 price target on shares of Moody’s in a research report on Thursday, April 23rd. UBS Group lowered their price target on Moody’s from $515.00 to $490.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Wells Fargo & Company upped their price target on Moody’s from $560.00 to $590.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Mizuho decreased their target price on Moody’s from $524.00 to $521.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $544.29.

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.