SBI Securities Co. Ltd. Raises Stock Holdings in Moody’s Corporation $MCO

SBI Securities Co. Ltd. lifted its holdings in Moody’s Corporation (NYSE:MCO) by 19.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 713 shares of the business services provider’s stock after purchasing an additional 114 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Moody’s were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Boston Trust Walden Corp lifted its position in 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 during the last quarter. ORG Partners LLC lifted its holdings in shares of 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 last quarter. McLean Asset Management Corp lifted its holdings in shares of Moody’s by 3.1% in the 2nd quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 23 shares during the last quarter. Central Pacific Bank Trust Division grew 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 worth $40,000 after acquiring an additional 24 shares in the last quarter. Finally, Accretive Wealth Partners LLC increased its stake in 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 worth $1,381,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

MCO has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $550.00 price target on shares of Moody’s in a research note on Thursday, October 9th. One research 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 data from MarketBeat, Moody’s currently has an average rating of “Moderate Buy” and a consensus target price of $543.07.

Moody’s Stock Performance

MCO stock opened at $478.95 on Friday. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The firm has a market cap of $85.44 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.79 and a beta of 1.40. The business’s fifty day simple moving average is $486.68 and its two-hundred day simple moving average is $491.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70.

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

Moody’s Announces Dividend

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 issued a $0.94 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s payout ratio is presently 30.23%.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 2,569 shares of company stock worth $1,253,848. Company insiders own 0.14% of the company’s stock.

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.