The Moody's Corporation (NYSE: MCO) has seen significant investment activity in both purchases and sales of its shares by various investor groups. Notably, Commerzbank Aktiengesellschaft FI bought 7,543 shares, Bridgewater Advisors acquired new positions, and Welch & Forbes LLC bolstered their stock position in the company. However, there were also firms like Cerity Partners LLC, Dock Street Asset Management, and Lineweaver Wealth Advisors LLC that reduced their ownership stakes.
The company outperformed the Q1 earnings expectations and is projected to have a positive outlook for Q2, despite increased expenses. Moody’s elected Sumit Dhawan to its board of directors and added a new director. It has also been speculated to be one of the long-term stocks that Billionaire Warren Buffett is investing.
On the regulatory front, the Moody’s lobbying disclosure revealed a spending of $60,000. The company also fortified its position in Latin America by fully acquiring ICR Chile.
Developments are also seen in the ratings division where it hit an all-time Q1 high, and analysts have given the company an average rating of 'Moderate Buy'. In terms of future plans, the dates have been set for the company's earnings release and investor teleconference.
Moody's Corporation MCO News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Sat, 19 Jul 2025 23:08:57 GMT - Rating 6 - Innovation 5 - Information 7 - Rumor 4
