Rockefeller Capital Management L.P. Buys 1,549 Shares of Moody’s Corporation $MCO

Rockefeller Capital Management L.P. raised its stake in Moody’s Corporation (NYSE:MCO) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,649 shares of the business services provider’s stock after acquiring an additional 1,549 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Moody’s were worth $6,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Crestwood Advisors Group LLC increased its position in Moody’s by 25.8% in the first quarter. Crestwood Advisors Group LLC now owns 639 shares of the business services provider’s stock worth $298,000 after buying an additional 131 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Moody’s during the 1st quarter worth $1,446,000. Wedbush Securities Inc. increased its holdings in Moody’s by 4.7% in the 1st quarter. Wedbush Securities Inc. now owns 625 shares of the business services provider’s stock worth $291,000 after acquiring an additional 28 shares during the last quarter. Abel Hall LLC bought a new stake in Moody’s in the 1st quarter valued at about $234,000. Finally, Opes Wealth Management LLC purchased a new stake in Moody’s during the first quarter valued at about $659,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Trading Up 0.4%

Moody’s stock opened at $474.85 on Friday. 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 fifty-two week low of $378.71 and a fifty-two week high of $531.93. The stock has a market cap of $84.71 billion, a P/E ratio of 38.17, a PEG ratio of 2.79 and a beta of 1.40. The firm’s fifty day moving average price is $483.67 and its 200-day moving average price is $491.52.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.22. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities research analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 2,569 shares of company stock valued at $1,253,848 over the last quarter. Company insiders own 0.14% of the company’s stock.

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.