2,882 Shares in Moody’s Corporation $MCO Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc bought a new stake in shares of Moody’s Corporation (NYSE:MCO) in the second quarter, HoldingsChannel.com reports. The firm bought 2,882 shares of the business services provider’s stock, valued at approximately $1,446,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Trust Walden Corp grew its holdings in shares of Moody’s by 0.3% in the second quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after acquiring an additional 20 shares during the period. ORG Partners LLC boosted its position in 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 purchasing an additional 22 shares during the last quarter. McLean Asset Management Corp grew its stake in shares of Moody’s by 3.1% during the 2nd quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 23 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Moody’s by 42.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 24 shares during the last quarter. Finally, Accretive Wealth Partners LLC increased its position in shares of Moody’s by 0.9% during the 2nd quarter. Accretive Wealth Partners LLC now owns 2,753 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 24 shares during the last quarter. 92.11% of the stock is owned by institutional investors.

Moody’s Trading Up 1.5%

MCO stock opened at $492.42 on Wednesday. The company has a market capitalization of $87.85 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 2.79 and a beta of 1.40. 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 Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The business has a 50 day simple moving average of $487.37 and a two-hundred day simple moving average of $490.76.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, topping 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Research analysts anticipate that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is presently 30.23%.

Insider Activity

In related news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was 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 in the company, valued at approximately $29,255,223.90. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 2,984 shares of company stock valued at $1,470,249 over the last quarter. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MCO shares. Robert W. Baird boosted their target price on shares of Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $550.00 price objective on shares of Moody’s in a research report on Thursday, October 9th. Raymond James Financial upgraded Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Barclays raised their target price on Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their price target on Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $543.07.

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.