Arrow Capital Pty Ltd Acquires New Holdings in Moody’s Corporation $MCO

Arrow Capital Pty Ltd bought a new position in Moody’s Corporation (NYSE:MCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the business services provider’s stock, valued at approximately $2,508,000. Moody’s comprises approximately 1.9% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its holdings in shares of Moody’s by 0.3% during 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 during the period. VestGen Advisors LLC grew its position in Moody’s by 2.0% during the second quarter. VestGen Advisors LLC now owns 1,097 shares of the business services provider’s stock worth $550,000 after buying an additional 21 shares in the last quarter. ORG Partners LLC increased its stake in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares during the period. McLean Asset Management Corp increased its stake in Moody’s by 3.1% during the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 23 shares during the period. Finally, Central Pacific Bank Trust Division raised its holdings in Moody’s by 42.9% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCO. Morgan Stanley set a $520.00 price target on shares of Moody’s in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus decreased their price target 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Finally, BMO Capital Markets cut their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. One equities 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $543.07.

Moody’s Stock Performance

Shares of MCO stock opened at $486.55 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The company’s 50 day moving average price is $483.34 and its two-hundred day moving average price is $492.62. The company has a market capitalization of $86.80 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.75 and a beta of 1.45.

Moody’s (NYSE:MCO) last announced its quarterly earnings data 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. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, analysts expect 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. Shareholders of record on Friday, November 21st will be issued a $0.94 dividend. 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 dividend payout ratio is currently 30.23%.

Insiders Place Their Bets

In related news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. This trade represents 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. In the last quarter, insiders sold 2,569 shares of company stock worth $1,253,848. 0.14% of the stock is owned by company insiders.

About Moody’s

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.