Addison Advisors LLC Boosts Stock Holdings in Moody’s Corporation $MCO

Addison Advisors LLC raised its position in Moody’s Corporation (NYSE:MCO) by 64.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,351 shares of the business services provider’s stock after buying an additional 530 shares during the period. Addison Advisors LLC’s holdings in Moody’s were worth $678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Moody’s by 8.4% during the 1st quarter. Allworth Financial LP now owns 1,085 shares of the business services provider’s stock worth $477,000 after purchasing an additional 84 shares during the last quarter. IFC Advisors LLC purchased a new position in shares of Moody’s during the 1st quarter worth $216,000. Kathmere Capital Management LLC boosted its position in shares of Moody’s by 14.3% during the 1st quarter. Kathmere Capital Management LLC now owns 664 shares of the business services provider’s stock valued at $309,000 after acquiring an additional 83 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Moody’s by 1.4% in the first quarter. Arizona State Retirement System now owns 47,859 shares of the business services provider’s stock valued at $22,287,000 after purchasing an additional 656 shares during the period. Finally, Oxbow Advisors LLC increased its position in Moody’s by 60.2% during the first quarter. Oxbow Advisors LLC now owns 31,809 shares of the business services provider’s stock worth $14,813,000 after purchasing an additional 11,956 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

MCO has been the subject of a number of recent analyst reports. Mizuho raised their price target on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen downgraded Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. cut their price objective on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Finally, Morgan Stanley set a $520.00 price objective on shares of Moody’s in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and a consensus price target of $543.07.

Insider Activity

In other news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 2,984 shares of company stock worth $1,470,249. Corporate insiders own 0.14% of the company’s stock.

Moody’s Stock Up 1.2%

Shares of NYSE MCO opened at $487.81 on Monday. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The stock has a market cap of $87.03 billion, a P/E ratio of 39.21, a PEG ratio of 2.79 and a beta of 1.40. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The business’s fifty day simple moving average is $487.99 and its 200-day simple moving average is $490.06.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the business earned $3.21 EPS. Moody’s’s revenue was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, equities analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. Moody’s’s payout ratio is 30.23%.

Moody’s Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.