Reflection Asset Management acquired a new position in Moody’s Corporation (NYSE:MCO – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 3,438 shares of the business services provider’s stock, valued at approximately $1,756,000. Moody’s makes up approximately 1.2% of Reflection Asset Management’s investment portfolio, making the stock its 18th biggest position.
A number of other hedge funds also recently bought and sold shares of MCO. Tobam boosted its position in Moody’s by 24,791.7% during the 4th quarter. Tobam now owns 2,987 shares of the business services provider’s stock valued at $1,526,000 after acquiring an additional 2,975 shares in the last quarter. Phillip James Consulting Co. bought a new position in shares of Moody’s in the 4th quarter worth $65,000. Kera Capital Partners Inc. lifted its stake in shares of Moody’s by 25.6% during the 4th quarter. Kera Capital Partners Inc. now owns 1,081 shares of the business services provider’s stock worth $557,000 after purchasing an additional 220 shares during the last quarter. MV Capital Management Inc. bought a new stake in Moody’s during the fourth quarter valued at about $52,000. Finally, Cambient Family Office LLC purchased a new position in Moody’s in the fourth quarter valued at about $405,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on MCO. Rothschild & Co Redburn set a $500.00 target price on shares of Moody’s in a report on Thursday. Wall Street Zen downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Wells Fargo & Company boosted their price objective on shares of Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Bank of America reissued a “buy” rating and set a $565.00 target price on shares of Moody’s in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Moody’s in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $541.83.
Insider Buying and Selling at Moody’s
In related news, SVP Richard G. Steele sold 158 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $453.67, for a total value of $71,679.86. Following the transaction, the senior vice president directly owned 1,985 shares of the company’s stock, valued at $900,534.95. This represents a 7.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $466.39, for a total value of $684,194.13. Following the completion of the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at $35,067,397.71. This trade represents a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,717 shares of company stock worth $2,137,306. 0.14% of the stock is owned by insiders.
Moody’s Stock Performance
Shares of Moody’s stock opened at $451.20 on Friday. The company has a 50 day moving average price of $450.09 and a 200 day moving average price of $468.26. The firm has a market capitalization of $78.82 billion, a P/E ratio of 32.34, a PEG ratio of 2.43 and a beta of 1.35. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.03. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.11. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm earned $3.83 EPS. Moody’s’s revenue was up 8.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Sell-side analysts expect that Moody’s Corporation will post 16.69 EPS for the current year.
Moody’s Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. Moody’s’s payout ratio is 29.53%.
Moody’s Company Profile
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
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