The California Public Employees Retirement System (CalPERS) increased its holdings in Moody's Corporation by 1.8%, according to a recent disclosure. The pension fund now holds 287,670 shares, valued at approximately $144.29 million. This adjustment reflects continued strong interest from institutional investors, who collectively own over 92% of the company’s stock. The move signals positive sentiment towards Moody's financial position and future prospects. Other major investors, including Norges Bank and Nuveen, recently established or added to their significant positions. Moody’s maintains a "Moderate Buy" consensus rating from market analysts.
CalPERS Increases Stake in Moody's, Highlighting Institutional Confidence
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