Boston Family Office LLC Purchases 120 Shares of Moody’s Corporation $MCO

Boston Family Office LLC lifted its holdings in Moody’s Corporation (NYSE:MCO) by 20.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 696 shares of the business services provider’s stock after buying an additional 120 shares during the period. Boston Family Office LLC’s holdings in Moody’s were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new position in Moody’s in the second quarter worth $28,000. Saudi Central Bank bought a new stake in shares of Moody’s during the 1st quarter worth $30,000. ORG Partners LLC boosted its holdings in shares of Moody’s by 50.0% in 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 during the last quarter. Central Pacific Bank Trust Division grew its position in 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 buying an additional 24 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in Moody’s during the second quarter worth about $47,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Trading Down 0.8%

Shares of MCO stock opened at $487.06 on Tuesday. The stock has a market capitalization of $86.89 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.79 and a beta of 1.40. The company’s fifty day simple moving average is $481.73 and its two-hundred day simple moving average is $492.23. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company earned $3.21 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

The business also recently announced 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 presently 30.23%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MCO shares. BMO Capital Markets dropped their target price on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. Stifel Nicolaus dropped their price objective on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Morgan Stanley set a $520.00 target price on Moody’s in a research report on Thursday, October 9th. Wells Fargo & Company boosted their target price on Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Moody’s in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $543.07.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders sold 2,569 shares of company stock worth $1,253,848 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.