REAP Financial Group LLC lifted its position in Moody’s Corporation (NYSE:MCO – Free Report) by 184.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 142 shares of the business services provider’s stock after acquiring an additional 92 shares during the quarter. REAP Financial Group LLC’s holdings in Moody’s were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in MCO. ORG Partners LLC lifted its position in Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after buying an additional 22 shares during the last quarter. McLean Asset Management Corp lifted its position in Moody’s by 3.1% in the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after buying an additional 23 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in Moody’s by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after buying an additional 24 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in Moody’s by 2.1% in the first quarter. Aaron Wealth Advisors LLC now owns 1,205 shares of the business services provider’s stock valued at $561,000 after buying an additional 25 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in Moody’s by 5.8% in the first quarter. Catalyst Financial Partners LLC now owns 477 shares of the business services provider’s stock valued at $222,000 after buying an additional 26 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MCO has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Oppenheimer increased their price target on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft set a $528.00 price target on shares of Moody’s and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price target on shares of Moody’s from $595.00 to $597.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Morgan Stanley increased their price target on shares of Moody’s from $493.00 to $498.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $541.21.
Insider Transactions at Moody’s
In other Moody’s news, CFO Noemie Clemence Heuland sold 897 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total value of $455,891.28. Following the transaction, the chief financial officer directly owned 2,148 shares in the company, valued at $1,091,699.52. This represents a 29.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Richard G. Steele sold 1,457 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total transaction of $741,365.31. Following the completion of the transaction, the senior vice president owned 1,386 shares in the company, valued at $705,238.38. This represents a 51.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock valued at $4,812,135 over the last quarter. Insiders own 0.14% of the company’s stock.
Moody’s Stock Up 0.3%
Shares of NYSE:MCO opened at $489.79 on Thursday. The firm’s 50 day moving average price is $502.11 and its 200 day moving average price is $482.29. The stock has a market cap of $87.67 billion, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 3.02 and a beta of 1.41. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70.
Moody’s (NYSE:MCO – Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.17. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.28 earnings per share. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, equities research analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.
Moody’s Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.94 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.76 annualized dividend and a yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is 31.95%.
Moody’s Profile
Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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