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NEW YORK – Shareholders of Moody’s Corporation (NYSE:MCO), a global credit rating agency with a market capitalization of $78.37 billion, participated in the annual meeting on Monday, resulting in the election of nine directors and the approval of KPMG LLP as the company’s independent auditor for 2025. According to InvestingPro data, the company maintains a "GOOD" financial health score, reflecting strong operational performance.
The election saw nine individuals appointed to one-year terms on Moody’s board, with terms expiring at the 2026 annual meeting. Among the elected directors, Robert Fauber received the highest number of affirmative votes, with over 152 million votes in favor. The other directors, including Jorge A. Bermudez, Thérèse Esperdy, Vincent A. Forlenza, Lloyd W. Howell, Jr., Jose M. Minaya, Leslie F. Seidman, Zig Serafin, and Bruce Van Saun, were also elected with substantial majorities. The company has demonstrated strong financial performance, with revenue growth of 19.81% in the last twelve months.
In addition to the board elections, the ratification of KPMG LLP as the company’s independent registered public accounting firm was approved with over 159 million votes in favor, indicating strong shareholder confidence in the accounting firm’s ability to audit the company’s financial statements.
A non-binding advisory resolution on executive compensation received approval, with approximately 132 million votes supporting the company’s approach to compensating its executives.
However, a stockholder proposal requesting the ratification of certain executive severance arrangements did not pass, with over 138 million votes cast against it.
This annual meeting reflects the shareholders’ active role in corporate governance and the oversight of the company’s financial and executive management practices. The results of the meeting, based on the 8-K filing with the Securities and Exchange Commission, demonstrate shareholder engagement and influence in key company decisions. With the company’s next earnings report due on April 22, 2025, InvestingPro subscribers can access comprehensive analysis and additional insights through the Pro Research Report, which covers what really matters about Moody’s and 1,400+ other top stocks.
The information reported is based on a press release statement from Moody’s Corporation and reflects the outcomes of the votes cast by shareholders at the annual meeting held on April 15, 2025.
In other recent news, Moody’s Corporation has been the focus of several analyst reports and corporate developments. BofA Securities reinstated coverage of Moody’s with a Buy rating and set a price target of $530, highlighting the company’s operating leverage and the potential growth of its Moody’s Analytics subsidiary. BMO Capital Markets maintained a Market Perform rating with a $531 target, noting solid growth drivers for Moody’s Investor Services and management’s confidence in sustaining growth. Mizuho (NYSE:MFG) initiated coverage with a Neutral rating and a $504 target, emphasizing Moody’s strong competitive position and the anticipated benefits of recent technology investments.
RBC Capital Markets continues to rate Moody’s as Outperform with a $550 target, despite revising down its forecast for Market Intelligence Services revenue due to market volatility. The firm remains optimistic about Moody’s long-term prospects. Additionally, Moody’s announced an executive transition, with Jason Phillips set to become the new Chief Accounting Officer and Controller, succeeding Caroline Sullivan in April 2025. This change is part of the company’s routine leadership updates and reflects no underlying issues. These developments collectively provide insights into Moody’s current market position and strategic direction.
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