Accretive Wealth Partners LLC Acquires 24 Shares of Moody’s Corporation $MCO

Accretive Wealth Partners LLC lifted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,753 shares of the business services provider’s stock after acquiring an additional 24 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Moody’s were worth $1,381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Moody’s by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock worth $6,899,490,000 after acquiring an additional 119,548 shares during the period. PineStone Asset Management Inc. boosted its stake in Moody’s by 10.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after purchasing an additional 215,551 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Moody’s by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,651,495 shares of the business services provider’s stock valued at $769,085,000 after purchasing an additional 60,816 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Moody’s by 9.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock valued at $738,897,000 after purchasing an additional 140,128 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Moody’s by 21.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after purchasing an additional 265,389 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Moody’s Price Performance

Shares of NYSE MCO opened at $470.72 on Monday. The stock has a market capitalization of $84.26 billion, a PE ratio of 39.99, a P/E/G ratio of 2.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75. The business has a fifty day moving average price of $497.04 and a two-hundred day moving average price of $483.11. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93.

Moody’s (NYSE:MCO) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.82 billion. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.28 EPS. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, equities analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued 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 payout ratio is 31.95%.

Insider Activity at Moody’s

In other news, insider Michael L. West sold 3,704 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the completion of the transaction, the insider owned 8,209 shares of the company’s stock, valued at approximately $4,195,619.90. The trade was a 31.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen T. Tulenko sold 2,120 shares of the business’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total value of $1,083,701.60. Following the transaction, the insider directly owned 5,558 shares of the company’s stock, valued at $2,841,138.44. This trade represents a 27.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock worth $4,802,876 in the last three months. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MCO shares. Robert W. Baird boosted their price target on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Mizuho boosted their price target on Moody’s from $532.00 to $539.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays boosted their price target on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Moody’s from $570.00 to $580.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Moody’s in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $542.87.

About Moody’s

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.