MCF Advisors LLC raised its stake in Moody’s Corporation (NYSE:MCO – Free Report) by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,092 shares of the business services provider’s stock after buying an additional 1,451 shares during the quarter. MCF Advisors LLC’s holdings in Moody’s were worth $4,571,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service lifted its position in Moody’s by 0.3% in the 2nd quarter. National Pension Service now owns 500,927 shares of the business services provider’s stock valued at $226,880,000 after purchasing an additional 1,634 shares during the last quarter. Cidel Asset Management Inc. acquired a new stake in shares of Moody’s in the second quarter valued at approximately $8,418,000. Integrated Wealth Concepts LLC increased its stake in shares of Moody’s by 46.1% in the second quarter. Integrated Wealth Concepts LLC now owns 3,856 shares of the business services provider’s stock valued at $1,746,000 after purchasing an additional 1,217 shares during the period. IFP Advisors Inc raised its holdings in shares of Moody’s by 12.4% during the second quarter. IFP Advisors Inc now owns 4,491 shares of the business services provider’s stock valued at $2,034,000 after buying an additional 494 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Moody’s by 9.3% during the second quarter. Baird Financial Group Inc. now owns 11,137 shares of the business services provider’s stock valued at $5,044,000 after buying an additional 951 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MCO. Jefferies Financial Group assumed coverage on Moody’s in a report on Friday, July 17th. They issued a “buy” rating and a $610.00 price objective for the company. JPMorgan Chase & Co. lifted 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. Weiss Ratings upgraded Moody’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 15th. Mizuho increased their price target on Moody’s from $521.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Citigroup restated a “buy” rating on shares of Moody’s in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $553.61.
Moody’s Stock Down 1.3%
MCO opened at $475.10 on Thursday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $82.29 billion, a PE ratio of 30.13, a P/E/G ratio of 2.51 and a beta of 1.34. The stock’s fifty day moving average is $491.47 and its 200-day moving average is $463.78. Moody’s Corporation has a one year low of $402.28 and a one year high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last announced 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 return on equity of 80.35% and a net margin of 34.25%.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 business posted $3.56 earnings per share. The company’s quarterly 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. On average, equities analysts predict that Moody’s Corporation will post 16.98 EPS for the current fiscal year.
Moody’s Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 14th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. Moody’s’s dividend payout ratio is currently 26.13%.
Insider Activity at Moody’s
In other news, CEO Robert Fauber sold 1,467 shares of the firm’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 of the company’s stock, valued at $25,166,165.20. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.14% of the company’s stock.
About Moody’s
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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