Waterway Wealth Management LLC bought a new stake in Moody’s Corporation (NYSE:MCO – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 3,093 shares of the business services provider’s stock, valued at approximately $1,349,000.
A number of other large investors have also added to or reduced their stakes in MCO. Newbridge Financial Services Group Inc. bought a new stake in shares of Moody’s in the 2nd quarter valued at about $25,000. Birchwood Financial Partners Inc. bought a new position in shares of Moody’s during the 4th quarter worth approximately $26,000. Caitlin John LLC bought a new position in shares of Moody’s during the 3rd quarter worth approximately $27,000. Nalls Sherbakoff Group LLC purchased a new stake in Moody’s during the fourth quarter valued at approximately $27,000. Finally, Ares Financial Consulting LLC purchased a new stake in Moody’s during the fourth quarter valued at approximately $29,000. 92.11% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
MCO has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Rothschild & Co Redburn set a $500.00 price objective on Moody’s in a report on Thursday, June 18th. Weiss Ratings lowered Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Wolfe Research reissued an “outperform” rating and issued a $535.00 price objective on shares of Moody’s in a research report on Thursday, April 23rd. Finally, Bank of America restated a “buy” rating and set a $565.00 target price on shares of Moody’s in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $541.83.
Insider Buying and Selling at Moody’s
In other Moody’s news, CEO Robert Fauber sold 1,467 shares of Moody’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $466.39, for a total transaction of $684,194.13. Following the completion of the sale, the chief executive officer owned 75,189 shares of the company’s stock, valued at approximately $35,067,397.71. The trade was a 1.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares in the company, valued at $900,534.95. This represents a 7.37% decrease in their ownership of the stock. 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 Down 2.5%
MCO stock opened at $438.43 on Friday. The stock has a market capitalization of $76.59 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.42 and a beta of 1.35. Moody’s Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.03. The firm has a 50 day moving average of $450.83 and a 200 day moving average of $466.83.
Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. Moody’s’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.83 EPS. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Sell-side analysts forecast that Moody’s Corporation will post 16.69 earnings per share for the current year.
Moody’s Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. Moody’s’s dividend payout ratio is presently 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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