Cwm LLC Acquires 1,141 Shares of Moody’s Corporation $MCO

Cwm LLC boosted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 29.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,980 shares of the business services provider’s stock after purchasing an additional 1,141 shares during the quarter. Cwm LLC’s holdings in Moody’s were worth $2,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC raised its stake in Moody’s by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Saudi Central Bank bought a new stake in shares of Moody’s in the first quarter worth about $30,000. ORG Partners LLC increased its holdings in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after purchasing an additional 22 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of 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 worth $40,000 after purchasing an additional 24 shares during the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of Moody’s in the second quarter worth about $47,000. Institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $520.00 target price on Moody’s in a report on Thursday, October 9th. Robert W. Baird lifted their target price on Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. BMO Capital Markets reduced their target price on Moody’s from $534.00 to $521.00 and set a “market perform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Raymond James Financial raised Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $542.87.

Insider Activity

In other news, SVP Richard G. Steele sold 1,457 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total transaction of $741,365.31. Following the transaction, the senior vice president owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. This represents a 51.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Noemie Clemence Heuland sold 897 shares of the company’s 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 approximately $1,091,699.52. This represents a 29.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,423 shares of company stock valued at $4,802,876. 0.14% of the stock is currently owned by corporate insiders.

Moody’s Trading Up 0.5%

Shares of NYSE MCO opened at $470.72 on Friday. The business’s 50 day moving average is $497.04 and its two-hundred day moving average is $482.83. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The stock has a market capitalization of $84.26 billion, a P/E ratio of 39.99, a PEG ratio of 2.89 and a beta of 1.41.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.17. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $3.28 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, research analysts expect that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s dividend payout ratio is currently 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.