Atlanta Consulting Group Advisors LLC Sells 105 Shares of Moody’s Corporation $MCO

Atlanta Consulting Group Advisors LLC lessened its stake in Moody’s Corporation (NYSE:MCO) by 15.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 573 shares of the business services provider’s stock after selling 105 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Moody’s were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCO. Saudi Central Bank purchased a new position in shares of Moody’s in the 1st quarter worth approximately $30,000. ORG Partners LLC grew its position in shares of Moody’s by 50.0% during the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Moody’s by 42.9% during the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 24 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new stake in shares of Moody’s during the 2nd quarter worth $47,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Moody’s by 132.6% during the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock worth $50,000 after acquiring an additional 61 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

Insider Activity at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the transaction, the chief executive officer directly owned 61,082 shares in the company, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 2,984 shares of company stock worth $1,470,249. Company insiders own 0.14% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $490.51 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $87.51 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.79 and a beta of 1.40. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The company’s fifty day moving average is $487.26 and its two-hundred day moving average is $490.76.

Moody’s (NYSE:MCO) last issued its 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. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, sell-side analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

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

Analyst Upgrades and Downgrades

MCO has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company raised their price target on shares of Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Moody’s in a research note on Friday, October 31st. Robert W. Baird upped their price objective on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Finally, Stifel Nicolaus dropped their target price on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $543.07.

Moody’s Company 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.