Flossbach Von Storch SE purchased a new position in shares of Moody’s Corporation (NYSE:MCO – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,240 shares of the business services provider’s stock, valued at approximately $10,979,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC raised its holdings in Moody’s by 1.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 1,895 shares of the business services provider’s stock valued at $968,000 after buying an additional 21 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Moody’s by 0.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 6,440 shares of the business services provider’s stock worth $2,810,000 after acquiring an additional 22 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its holdings in shares of Moody’s by 1.2% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 1,865 shares of the business services provider’s stock valued at $889,000 after acquiring an additional 22 shares during the last quarter. TCI Wealth Advisors Inc. increased its holdings in shares of Moody’s by 4.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 535 shares of the business services provider’s stock valued at $273,000 after acquiring an additional 23 shares during the last quarter. Finally, Resolute Wealth Strategies LLC raised its stake in shares of Moody’s by 3.8% in the 1st quarter. Resolute Wealth Strategies LLC now owns 623 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Barclays upped their target price on Moody’s from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Bank of America restated a “buy” rating and issued a $565.00 price objective on shares of Moody’s in a research note on Wednesday, April 22nd. Jefferies Financial Group began coverage on shares of Moody’s in a report on Friday, July 17th. They set a “buy” rating and a $610.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of Moody’s in a research note on Wednesday, July 29th. Finally, Morgan Stanley set a $512.00 price target on shares of Moody’s in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and a consensus price target of $553.61.
Insider Activity at Moody’s
In related news, SVP Richard G. Steele sold 158 shares of the firm’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 completion of the transaction, the senior vice president directly owned 1,985 shares of the company’s stock, valued at $900,534.95. This trade represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Moody’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $484.30, for a total transaction of $710,468.10. Following the sale, the chief executive officer owned 51,964 shares in the company, valued at $25,166,165.20. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,092 shares of company stock worth $1,447,682 in the last three months. 0.14% of the stock is owned by insiders.
Moody’s Stock Performance
NYSE MCO opened at $497.18 on Thursday. The company’s fifty day moving average is $476.98 and its two-hundred day moving average is $458.46. Moody’s Corporation has a 52-week low of $402.28 and a 52-week high of $546.88. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $86.11 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 2.40 and a beta of 1.33.
Moody’s (NYSE:MCO – Get Free Report) last released its earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.42. Moody’s had a net margin of 34.25% and a return on equity of 80.35%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $3.56 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. Equities research analysts forecast that Moody’s Corporation will post 16.89 EPS for the current year.
Moody’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be given a $1.03 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is currently 26.13%.
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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