Moody’s SVP Steele sells $741k in shares

Published 30/07/2025, 21:16
Moody’s SVP Steele sells $741k in shares

Richard G. Steele, SVP - General Counsel at Moody’s Corporation (NYSE:MCO), sold a total of 1,457 shares of common stock on July 29, 2025, for approximately $741,360. The sales were executed at prices ranging from $508.02 to $509.63 per share, with the stock currently trading near its 52-week high of $531.93. According to InvestingPro analysis, Moody’s, with its $91.7B market cap, appears overvalued at current levels.

According to a Form 4 filing with the Securities and Exchange Commission, on the same day, Steele also acquired 1,457 shares of Moody’s common stock through option exercises at prices between $276.84 and $280.42, for a total value of $405,958.

Following these transactions, Steele directly owns 1,386 shares of Moody’s Corporation. He also indirectly owns 3,612.666 shares through a trust.

In other recent news, Moody’s Corporation reported its second-quarter 2025 financial results, surpassing Wall Street expectations. The company achieved an adjusted earnings per share (EPS) of $3.56, exceeding the forecast of $3.38. Revenue also outperformed predictions, reaching $1.9 billion compared to the anticipated $1.85 billion. In addition to these earnings highlights, BMO Capital raised its price target for Moody’s to $534 from $509, citing improved issuance activity and a favorable mix of Investment Grade ratings. Despite these positive developments, Raymond (NSE:RYMD) James reiterated its Underperform rating on Moody’s, maintaining a cautious outlook. The firm noted that, although the quarter was generally healthy for issuance, concerns remain about broader market conditions. These recent developments indicate varying perspectives among analysts regarding the company’s future performance.

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