K.J. Harrison & Partners Inc Sells 2,000 Shares of Moody’s Corporation $MCO

K.J. Harrison & Partners Inc reduced its stake in Moody’s Corporation (NYSE:MCO) by 12.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,675 shares of the business services provider’s stock after selling 2,000 shares during the quarter. Moody’s comprises 1.1% of K.J. Harrison & Partners Inc’s holdings, making the stock its 20th largest position. K.J. Harrison & Partners Inc’s holdings in Moody’s were worth $6,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Saudi Central Bank bought a new position in Moody’s in the 1st quarter valued at about $30,000. ORG Partners LLC raised its holdings in Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares during the period. Central Pacific Bank Trust Division raised its holdings in Moody’s by 42.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 24 shares during the period. Maryland Capital Advisors Inc. bought a new position in Moody’s in the 2nd quarter valued at about $47,000. Finally, Meeder Asset Management Inc. raised its holdings in Moody’s by 132.6% in the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 61 shares during the period. 92.11% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 546 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $493.90, for a total value of $269,669.40. Following the sale, the chief executive officer owned 61,082 shares in the company, valued at $30,168,399.80. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 1,817 shares of company stock valued at $911,315 in the last quarter. Company insiders own 0.14% of the company’s stock.

Moody’s Stock Performance

NYSE MCO opened at $480.72 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $85.76 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.79 and a beta of 1.41. The firm’s 50 day simple moving average is $490.45 and its 200 day simple moving average is $487.92. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, research analysts expect that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.94 per share. The ex-dividend date is Friday, November 21st. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is currently 30.23%.

Wall Street Analysts Forecast Growth

MCO has been the topic of several research analyst reports. Barclays increased their price target on shares of Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Oppenheimer increased their target price 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. BMO Capital Markets decreased their target price on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research report on Thursday, October 23rd. Robert W. Baird increased their target price on shares of Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the stock a “buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $543.07.

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.