Valeo Financial Advisors LLC Grows Position in Moody’s Corporation $MCO

Valeo Financial Advisors LLC lifted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 3.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,838 shares of the business services provider’s stock after acquiring an additional 53 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Moody’s were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Horizon Financial Services LLC boosted its holdings in Moody’s by 77,500.0% in the first quarter. Horizon Financial Services LLC now owns 2,328 shares of the business services provider’s stock worth $1,084,000 after purchasing an additional 2,325 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Moody’s by 11.9% in the 1st quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock worth $244,817,000 after buying an additional 56,273 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Moody’s by 289.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock worth $1,528,000 after buying an additional 2,440 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Moody’s by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 69,849 shares of the business services provider’s stock worth $32,528,000 after buying an additional 5,095 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Moody’s by 10.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,259 shares of the business services provider’s stock worth $3,381,000 after purchasing an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Stock Up 1.0%

MCO opened at $488.24 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The firm’s fifty day moving average is $502.56 and its 200 day moving average is $482.23. The stock has a market cap of $87.40 billion, a price-to-earnings ratio of 41.48, a price-to-earnings-growth ratio of 2.99 and a beta of 1.41.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating the consensus estimate of $3.39 by $0.17. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $3.28 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. On average, sell-side analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.94 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. Moody’s’s payout ratio is currently 31.95%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays raised their target price on Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets raised their price objective on shares of Moody’s from $509.00 to $534.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft set a $528.00 price target on shares of Moody’s and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Seaport Res Ptn upgraded shares of Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Moody’s from $495.00 to $565.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $541.21.

Insider Buying and Selling

In other news, SVP Richard G. Steele sold 1,457 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total value of $741,365.31. Following the transaction, the senior vice president owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. The trade was a 51.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $512.65, for a total transaction of $212,749.75. Following the completion of the sale, the chief executive officer owned 61,350 shares in the company, valued at approximately $31,451,077.50. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,423 shares of company stock worth $4,812,135 in the last quarter. 0.14% of the stock is owned by insiders.

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.