Maestria Partners LLC lowered its holdings in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the business services provider’s stock after selling 10,000 shares during the quarter. Moody’s accounts for about 4.7% of Maestria Partners LLC’s portfolio, making the stock its 13th largest position. Maestria Partners LLC’s holdings in Moody’s were worth $13,588,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kestra Private Wealth Services LLC raised its position 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 valued at $2,810,000 after buying an additional 22 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its stake in Moody’s by 1.2% during the third quarter. Reynders McVeigh Capital Management LLC now owns 1,865 shares of the business services provider’s stock worth $889,000 after acquiring an additional 22 shares during the last quarter. Resolute Wealth Strategies LLC raised its position in Moody’s by 3.8% during the first quarter. Resolute Wealth Strategies LLC now owns 623 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 23 shares during the period. TD Private Client Wealth LLC raised its position in Moody’s by 6.7% during the fourth quarter. TD Private Client Wealth LLC now owns 429 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 27 shares during the period. Finally, Allen Capital Group LLC lifted its stake in shares of Moody’s by 5.7% in the 4th quarter. Allen Capital Group LLC now owns 497 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 27 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Moody’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Citigroup restated a “buy” rating on shares of Moody’s in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Moody’s from $530.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Jefferies Financial Group began coverage on shares of Moody’s in a research report on Friday, July 17th. They set a “buy” rating and a $610.00 price objective on the stock. Finally, Mizuho increased their target price on shares of Moody’s from $521.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $553.61.
Insiders Place Their Bets
In other news, 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 completion of the sale, the chief executive officer directly owned 51,964 shares in the company, valued at approximately $25,166,165.20. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.14% of the stock is currently owned by insiders.
Moody’s Stock Up 2.8%
Shares of NYSE:MCO opened at $503.60 on Friday. The firm has a market capitalization of $87.22 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.57 and a beta of 1.34. The business has a 50 day simple moving average of $489.09 and a two-hundred day simple moving average of $462.42. Moody’s Corporation has a 1 year low of $402.28 and a 1 year 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.
Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.42. Moody’s had a return on equity of 80.35% and a net margin of 34.25%.The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business posted $3.56 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. On average, equities analysts predict that Moody’s Corporation will post 16.89 EPS for the current year.
Moody’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is presently 26.13%.
Moody’s 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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