Retirement Systems of Alabama Has $16.65 Million Holdings in Moody’s Corporation $MCO

Retirement Systems of Alabama cut its holdings in Moody’s Corporation (NYSE:MCO) by 0.2% during the second quarter, Holdings Channel.com reports. The firm owned 33,199 shares of the business services provider’s stock after selling 66 shares during the quarter. Retirement Systems of Alabama’s holdings in Moody’s were worth $16,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCO. Saudi Central Bank bought a new position in shares of Moody’s in the 1st quarter valued at about $30,000. ORG Partners LLC grew 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 valued at $33,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of 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. Maryland Capital Advisors Inc. bought a new position in shares of Moody’s in the 2nd quarter valued at about $47,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Moody’s by 132.6% in the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 61 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Price Performance

NYSE:MCO opened at $480.72 on Friday. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93. The company has a market cap of $85.76 billion, a P/E ratio of 38.64, a P/E/G ratio of 2.79 and a beta of 1.41. The firm’s fifty day moving average price is $490.45 and its two-hundred day moving average price is $487.11. 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 released its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating the consensus estimate of $3.70 by $0.22. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities analysts expect that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

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

Wall Street Analyst Weigh In

MCO has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. Evercore ISI upped their target price on shares of Moody’s from $531.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Barclays lifted their price target on Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Seaport Res Ptn raised Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $543.07.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 546 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $493.90, for a total transaction of $269,669.40. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $30,168,399.80. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,817 shares of company stock worth $911,315 in the last three months. Company insiders own 0.14% of the company’s stock.

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.