BlackRock Amends Moody's Stake, Updates Passive Holdings
Ticker: MCO · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1059556
| Field | Detail |
|---|---|
| Company | Moodys Corp /De/ (MCO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, amendment, ownership-update
TL;DR
**BlackRock updated its passive stake in Moody's as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership of Moody's Corporation common stock as of December 31, 2023. This amendment, number 10, updates BlackRock's previous disclosures regarding its passive investment in Moody's. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Moody's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated, passive ownership in Moody's, providing transparency on a significant institutional investor's position. It can influence market sentiment as large institutional holdings are often seen as a vote of confidence.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating a passive stake, and does not suggest any immediate or significant risk.
Analyst Insight
Investors should note BlackRock's continued passive interest in Moody's, but this filing alone doesn't suggest a need for immediate action, as it's a routine update of a passive stake.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- MOODYS CORP /DE/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Moody's Corporation throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 10)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are the subject of this filing?
The securities of MOODYS CORPORATION are the subject of this filing, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOODYS CORP /DE/' and 'MOODYS CORPORATION (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding MOODYS CORP /DE/ (MCO).