TIAA Trust National Association Grows Stake in Moody’s Corporation $MCO

TIAA Trust National Association raised its stake in Moody’s Corporation (NYSE:MCO) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,228 shares of the business services provider’s stock after acquiring an additional 198 shares during the period. TIAA Trust National Association’s holdings in Moody’s were worth $3,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MCO. Boston Trust Walden Corp lifted its holdings in shares of Moody’s by 0.3% during the second quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock valued at $3,712,000 after purchasing an additional 20 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 22 shares in the last quarter. McLean Asset Management Corp lifted its holdings in shares of Moody’s by 3.1% during the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 23 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Moody’s by 42.9% during the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 24 shares in the last quarter. Finally, Accretive Wealth Partners LLC lifted its holdings in shares of Moody’s by 0.9% during the second quarter. Accretive Wealth Partners LLC now owns 2,753 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 24 shares in the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Stock Up 1.0%

MCO stock opened at $485.10 on Tuesday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The business’s 50-day moving average is $489.95 and its two-hundred day moving average is $488.35. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $86.54 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 2.79 and a beta of 1.41.

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

Moody’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a $0.94 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. Moody’s’s dividend payout ratio is presently 30.23%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Robert W. Baird upped their price target on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Seaport Res Ptn raised Moody’s to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley set a $520.00 price target on Moody’s in a report on Thursday, October 9th. Mizuho upped their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Barclays increased their target price on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $543.07.

Insider Buying and Selling

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

Moody’s Company 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.