Altarock Partners LP reduced its position in shares of Moody’s Corporation (NYSE:MCO – Free Report) by 64.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,624 shares of the business services provider’s stock after selling 559,412 shares during the period. Moody’s comprises approximately 3.2% of Altarock Partners LP’s holdings, making the stock its 6th largest holding. Altarock Partners LP owned about 0.17% of Moody’s worth $137,064,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its stake in Moody’s by 0.3% during the first quarter. Kestra Private Wealth Services LLC now owns 6,440 shares of the business services provider’s stock valued at $2,810,000 after purchasing an additional 22 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its position in shares of Moody’s by 1.2% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 1,865 shares of the business services provider’s stock worth $889,000 after buying an additional 22 shares during the last quarter. Resolute Wealth Strategies LLC lifted its position 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 worth $272,000 after buying an additional 23 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Moody’s by 6.7% in the 4th quarter. TD Private Client Wealth LLC now owns 429 shares of the business services provider’s stock valued at $219,000 after buying an additional 27 shares during the period. Finally, Allen Capital Group LLC grew its position in shares of Moody’s by 5.7% during the 4th quarter. Allen Capital Group LLC now owns 497 shares of the business services provider’s stock valued at $254,000 after buying an additional 27 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Rothschild & Co Redburn set a $500.00 price objective on shares of Moody’s in a research note on Thursday, June 18th. Citigroup reaffirmed a “buy” rating on shares of Moody’s in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Moody’s from $530.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Wells Fargo & Company upped their price target on shares of Moody’s from $590.00 to $597.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Barclays lifted their price objective on shares of Moody’s from $550.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Moody’s presently has a consensus rating of “Moderate Buy” and an average target price of $553.61.
Insider Activity at Moody’s
In related news, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $484.30, for a total value of $710,468.10. Following the completion of the sale, the chief executive officer owned 51,964 shares in the company, valued at approximately $25,166,165.20. This represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.14% of the company’s stock.
Moody’s Trading Down 2.5%
NYSE:MCO opened at $480.97 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.01. Moody’s Corporation has a 1-year low of $402.28 and a 1-year high of $546.88. The firm has a market capitalization of $83.30 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.58 and a beta of 1.34. The stock has a fifty day simple moving average of $491.33 and a 200 day simple moving average of $463.60.
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 analysts’ consensus estimates 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 analysts’ expectations of $2.09 billion. During the same quarter last year, the business posted $3.56 EPS. Moody’s’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. Sell-side analysts forecast that Moody’s Corporation will post 16.89 earnings per share for the current year.
Moody’s Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. Moody’s’s payout ratio is currently 26.13%.
Moody’s Profile
Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data and analytical tools. Through Moody’s Ratings, the company evaluates the creditworthiness of governments, companies, financial institutions and debt securities, helping investors and other market participants assess credit risk. Its ratings and related research cover a broad range of fixed-income markets and structured finance products.
Through Moody’s Analytics, the company provides economic and financial intelligence, risk-management software, data, quantitative models and advisory services.
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