Cibc World Market Inc. Has $17.16 Million Stake in Moody’s Corporation $MCO

Cibc World Market Inc. boosted its position in shares of Moody’s Corporation (NYSE:MCO) by 126.2% in the fourth quarter, Holdings Channel reports. The fund owned 33,584 shares of the business services provider’s stock after acquiring an additional 18,739 shares during the period. Cibc World Market Inc.’s holdings in Moody’s were worth $17,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cromwell Holdings LLC raised its position in shares of Moody’s by 5.8% during the fourth quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock valued at $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 valued at $672,000 after buying an additional 20 shares during the last quarter. 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 valued at $552,000 after buying an additional 20 shares during the last quarter. Guyasuta Investment Advisors Inc. raised its position in shares of Moody’s by 2.7% during the fourth 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 shares of Moody’s by 0.4% during the third 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. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MCO shares. Stifel Nicolaus cut their price objective on shares of Moody’s from $574.00 to $540.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Barclays cut their price objective on shares of Moody’s from $580.00 to $550.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Bank of America reaffirmed a “buy” rating and set a $565.00 price objective on shares of Moody’s in a research report on Wednesday, April 22nd. Morgan Stanley lowered their target price on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. Finally, UBS Group lowered their target price on shares of Moody’s from $515.00 to $490.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Moody’s has an average rating of “Moderate Buy” and a consensus target price of $544.29.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 1,467 shares of the company’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 $665,533.89. Following the sale, the chief executive officer owned 52,564 shares of the company’s stock, valued at $23,846,709.88. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the firm’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 sale, 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 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. In the last three months, insiders sold 4,717 shares of company stock worth $2,137,306. 0.14% of the stock is currently owned by insiders.

Moody’s Stock Performance

NYSE MCO opened at $451.54 on Friday. The stock has a market cap of $78.88 billion, a P/E ratio of 32.37, a PEG ratio of 2.42 and a beta of 1.35. The company’s 50-day simple moving average is $447.29 and its 200 day simple moving average is $470.24. Moody’s Corporation has a twelve month low of $402.28 and a twelve month high of $546.88. 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:MCO) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.83 earnings per share. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. As a group, research analysts forecast that Moody’s Corporation will post 16.69 earnings per share for the current fiscal year.

Moody’s Announces Dividend

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

About Moody’s

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.