Moody’s Corporation $MCO Stock Position Raised by Allworth Financial LP

Allworth Financial LP lifted its stake in shares of Moody’s Corporation (NYSE:MCO) by 18.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,286 shares of the business services provider’s stock after purchasing an additional 201 shares during the period. Allworth Financial LP’s holdings in Moody’s were worth $645,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MCO. Boston Trust Walden Corp increased its stake in Moody’s by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after purchasing an additional 20 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares during the period. McLean Asset Management Corp increased its position in shares of Moody’s by 3.1% in the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock worth $379,000 after acquiring an additional 23 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings 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 acquiring an additional 24 shares during the period. Finally, Accretive Wealth Partners LLC raised its holdings in shares of Moody’s by 0.9% during the second quarter. Accretive Wealth Partners LLC now owns 2,753 shares of the business services provider’s stock valued at $1,381,000 after acquiring an additional 24 shares during the period. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,569 shares of company stock worth $1,253,848 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on MCO shares. Oppenheimer raised their price objective on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Mizuho lifted their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft set a $528.00 price objective on Moody’s and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Robert W. Baird lifted their target price on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $543.07.

Moody’s Price Performance

Shares of NYSE:MCO opened at $478.95 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The business has a fifty day simple moving average of $486.68 and a 200 day simple moving average of $491.33. The firm has a market cap of $85.44 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 2.79 and a beta of 1.40.

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

Moody’s Announces Dividend

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

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.