Addison Capital Co bought a new stake in Moody’s Corporation (NYSE:MCO – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,550 shares of the business services provider’s stock, valued at approximately $676,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MCO. Sivia Capital Partners LLC bought a new position in shares of Moody’s in the 2nd quarter valued at $267,000. Federated Hermes Inc. increased its stake in shares of Moody’s by 15.5% in the second quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider’s stock valued at $5,475,000 after buying an additional 1,461 shares during the period. NewEdge Advisors LLC boosted its position in Moody’s by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider’s stock worth $736,000 after buying an additional 86 shares during the period. CIBC Asset Management Inc grew its holdings in Moody’s by 3.8% during the 2nd quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider’s stock worth $12,692,000 after acquiring an additional 929 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Moody’s by 0.4% during the second quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider’s stock valued at $36,423,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MCO. Wells Fargo & Company raised their target price on Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. BMO Capital Markets upped their target price on Moody’s from $489.00 to $515.00 and gave the company a “market perform” rating in a report on Tuesday. Morgan Stanley raised their price target on shares of Moody’s from $491.00 to $496.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings lowered shares of Moody’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $543.67.
Moody’s Stock Down 3.0%
MCO stock opened at $485.46 on Thursday. The stock’s 50 day simple moving average is $454.39 and its 200 day simple moving average is $466.04. The company has a market cap of $84.81 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 2.69 and a beta of 1.34. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16. Moody’s Corporation has a fifty-two week low of $402.28 and a fifty-two week high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $4.22 by $0.11. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $3.83 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, research analysts expect that Moody’s Corporation will post 16.69 earnings per share for the current fiscal year.
Moody’s Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 15th. Moody’s’s payout ratio is 29.53%.
Insider Buying and Selling at Moody’s
In other Moody’s news, SVP Richard G. Steele sold 158 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $71,679.86. Following the transaction, the senior vice president owned 1,985 shares in the company, valued at approximately $900,534.95. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $466.39, for a total transaction of $684,194.13. Following the completion of the transaction, the chief executive officer directly owned 75,189 shares in the company, valued at $35,067,397.71. This trade represents a 1.91% 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. In the last 90 days, insiders have sold 3,250 shares of company stock worth $1,495,098. Corporate insiders own 0.14% of the company’s stock.
About Moody’s
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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