Prudential Financial Inc. Buys 6,529 Shares of Moody’s Corporation $MCO

Prudential Financial Inc. increased its position in shares of Moody’s Corporation (NYSE:MCO) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,649 shares of the business services provider’s stock after acquiring an additional 6,529 shares during the period. Prudential Financial Inc.’s holdings in Moody’s were worth $43,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCO. Boston Trust Walden Corp grew its holdings in 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 acquiring an additional 20 shares during the last quarter. ORG Partners LLC lifted its position in shares of Moody’s by 50.0% during 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 during the period. McLean Asset Management Corp boosted its position 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 worth $379,000 after purchasing an additional 23 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Moody’s by 42.9% in the second 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 during the period. Finally, Accretive Wealth Partners LLC grew its position in Moody’s by 0.9% in 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 period. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MCO. Mizuho upped their price target on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft set a $528.00 price target on shares of Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. Evercore ISI upped their price objective 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. Morgan Stanley set a $520.00 price target on Moody’s in a report on Thursday, October 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Moody’s in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $543.07.

Insider Activity at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction 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 approximately $29,255,223.90. The trade was a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,569 shares of company stock valued at $1,253,848 in the last three months. Insiders own 0.14% of the company’s stock.

Moody’s Stock Down 0.3%

Shares of NYSE MCO opened at $478.06 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The firm has a fifty day simple moving average of $482.41 and a two-hundred day simple moving average of $492.03. The firm has a market capitalization of $85.29 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the business earned $3.21 EPS. Moody’s’s quarterly revenue was up 10.7% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s dividend payout ratio (DPR) is presently 30.23%.

Moody’s 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.