August 8, 2023
Metis Global Partners LLC Increases Stake in Moody’s Co. as Company Continues to Outperform Expectations
In a recent filing with the Securities and Exchange Commission, financial firm Metis Global Partners LLC disclosed that it has bolstered its stake in Moody’s Co. (NYSE:MCO) by an impressive 19.6% during the first quarter of this year. This move signifies growing confidence in Moody’s ability to generate favorable returns for investors.
According to the report, Metis Global Partners LLC now holds 6,271 shares of Moody’s stock, following the purchase of an additional 1,029 shares during the aforementioned period. As of its most recent filing with the Securities and Exchange Commission, these holdings have been valued at a substantial $1,919,000.
This development comes as Moody’s released its quarterly earnings results on July 25th. The renowned business services provider surpassed market expectations by posting earnings per share (EPS) of $2.30 for the quarter. This figure exceeded analysts’ consensus estimates by $0.07.
Impressively, Moody’s demonstrated strong profitability during the quarter, with a net margin of 25.81%. Moreover, its return on equity stood at an impressive 55.98%, indicative of efficient capital allocation and management practices within the organization.
The company also reported robust revenue figures for the quarter amounting to $1.49 billion – surpassing analysts’ projections of $1.45 billion. This marks an increase of 8.2% in revenue compared to the same period in the previous year.
Moody’s steady growth trajectory can be attributed to its continued focus on innovation and adaptability within a rapidly evolving industry landscape. The company has effectively capitalized on emerging trends and technologies to enhance its data analytics capabilities, enabling clients to make informed decisions based on reliable insights.
Looking ahead, sell-side analysts remain optimistic about Moody’s future prospects. They anticipate that the company will achieve an impressive EPS of 10.07 for the current fiscal year, further supporting investors’ confidence in its performance.
Market observers commend Metis Global Partners LLC for recognizing the value and potential of Moody’s Co., as evidenced by their notable increase in holdings. This move underlines a strong belief in the company’s ability to generate substantial returns and solidifies its position as a promising investment opportunity within the financial sector.
In conclusion, Moody’s Co. has demonstrated its resilience and adaptability amid evolving market conditions. With a solid track record of exceeding expectations and anticipation of strong earnings in the coming months, investor interest in the company is likely to continue growing. As companies navigate an increasingly complex business landscape, reliable financial services providers such as Moody’s provide indispensable support and insights for informed decision-making.
Disclaimer: The information contained herein does not constitute financial advice. Investors are advised to conduct thorough research and seek professional guidance before making investment decisions.
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Institutional Investor Activity and Financial Analyst Insights: A Comprehensive Review of Moody’s Corporation (MCO)
Moody’s: An In-Depth Analysis of Institutional Investors and Recent Financial News
As of August 8, 2023, multiple institutional investors have made notable changes to their positions in Moody’s Corporation (MCO). Lido Advisors LLC, for instance, witnessed a slight increase in their position by 1.0% during the first quarter. This lifted their ownership to 3,630 shares with a value of $1,224,000. Dorsey & Whitney Trust CO LLC also experienced a slight boost in their holdings by 3.7% during the fourth quarter. They now possess 1,021 shares valued at $284,000.
Allworth Financial LP followed suit and saw an increase in their holdings by 8.3% during the first quarter. Their ownership now totals 484 shares worth $148,000. Additionally, Pacer Advisors Inc. lifted its stake in Moody’s by 12.7% during the same period. Pacer Advisors now owns 363 shares valued at $101,000.
Notably, SVB Wealth LLC concluded this wave of changes with a growth of 2.3%, resulting in ownership of 1,911 shares with a valuation of $644,000.
It is significant to note that 91.47% percent of Moody’s stock is owned by institutional investors.
Financial analysts have chimed in regarding Moody’s recent developments as well. UBS Group provided a price objective increase from $308.00 to $325.00 on April 26th as reported by Bloomberg.com on said date.
Moreover, Morgan Stanley raised its price target from $300.00 to $323.00 on July 10th while Royal Bank of Canada increased theirs from $350.00 to $404.00 on July 26th.
On July 3rd The Goldman Sachs Group adjusted its target price range from $328.00 to $362.00, classifying the company with a “neutral” rating.
Lastly, BMO Capital Markets raised its price target from $355.00 to $360.00 on May 17th. In total, seven research analysts provide a “hold” rating and a further seven assign Moody’s with a “buy” rating. Bloomberg.com indicates that Moody’s currently has an average rating of “Moderate Buy” with an average price target of $325.53.
On another front, news emerged regarding CEO Robert Fauber’s sale of 592 shares of Moody’s stock on July 17th at an average price of $354.25, yielding a total value of $209,716.00.
Post-sale, Fauber’s chief executive officer position is supported by the ownership of 65,838 shares valued at approximately $23,323,111.50.
This transaction was duly reported in the Security and Exchange Commission (SEC) filing which is accessible to the public via the SEC website.
The Securities & Exchange Commission also reported another instance where CEO Robert Fauber sold another 592 shares on Monday, July 17th at an average price of $354.25 for a total transaction value of $209,716.
Following this sale, Fauber retains ownership of 65,838 shares worth approximately $23,323,111.50.
The second document filed with the SEC can be accessed via this link.
Furthermore, insider Michael L. West sold 2,641 shares of Moody’s stock on July 31st at an average price per share of $352.79 totaling $931 ,718.39 . The insider now holds 8 ,251 shares in the company valued at about
$2 ,910 ,870 .29
These transactions concluded within the last three months reveals insiders have sold companies’ stocks worth roughly $$2 ,017 ,430 . Notably though Insider own only about 0.42% of the company.
On Tuesday, shares of Moody’s stock opened at $342.41. The market capitalization for Moody’s stands at $62.83 billion, with a price-to-earnings ratio of 44.13 and a beta of 1.30.
The business services provider’s debt-to-equity ratio is 2.09, while its current and quick ratios both stand at 1.65.
Moody’s stock has also experienced fluctuations in the past year, reaching a low point of $230.16 and soaring to a high point of $363.19.
As evident from the data, Moody’s Corporation has witnessed considerable activity among institutional investors and financial analysts as reflected by recent changes made to positions by numerous hedge funds.
With ongoing developments involving C-suite executives selling shares, observers remain attentive to their behavior as it pertains to the overall health and future outlook of the company.
While Moody’s ratings continue to garner attention within the financial industry, it is crucial to assess multiple factors that contribute to an accurate representation of its value in order to make informed investment decisions.
Investors are encouraged to closely monitor Moody’s progress through further advances in their price targets or other pertinent news in order to make wise investment choices based on thorough analysis
