Tributary Capital Management LLC Has $446,000 Holdings in Moody’s Corporation $MCO

Tributary Capital Management LLC lessened its stake in Moody’s Corporation (NYSE:MCO) by 2.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 890 shares of the business services provider’s stock after selling 25 shares during the quarter. Tributary Capital Management LLC’s holdings in Moody’s were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Moody’s by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock valued at $6,899,490,000 after buying an additional 119,548 shares during the period. PineStone Asset Management Inc. boosted its holdings in shares of Moody’s by 10.3% in the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after buying an additional 215,551 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Moody’s by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,651,495 shares of the business services provider’s stock valued at $769,085,000 after buying an additional 60,816 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Moody’s by 9.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock valued at $738,897,000 after buying an additional 140,128 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Moody’s by 21.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after buying an additional 265,389 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Activity

In other Moody’s news, SVP Richard G. Steele sold 1,457 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total transaction of $741,365.31. Following the sale, the senior vice president directly owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. This represents a 51.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen T. Tulenko sold 2,120 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the sale, the insider directly owned 5,558 shares in the company, valued at $2,841,138.44. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,423 shares of company stock valued at $4,802,876. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MCO has been the subject of several research analyst reports. Mizuho upped their price target on shares of Moody’s from $532.00 to $539.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Seaport Res Ptn upgraded shares of Moody’s to a “strong-buy” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. Raymond James Financial upgraded shares of Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and a consensus target price of $542.33.

Moody’s Stock Performance

NYSE MCO opened at $479.65 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.75 and a debt-to-equity ratio of 1.70. The firm’s fifty day moving average price is $493.84 and its two-hundred day moving average price is $484.12. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The firm has a market capitalization of $85.86 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.41.

Moody’s (NYSE:MCO) last posted 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm posted $3.21 earnings per share. The company’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. As a group, research analysts anticipate that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

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