Havemeyer Place LP Purchases New Holdings in Moody’s Corporation $MCO

Havemeyer Place LP purchased a new stake in Moody’s Corporation (NYSE:MCO) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,590 shares of the business services provider’s stock, valued at approximately $812,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Moody’s in the 2nd quarter valued at about $25,000. Caitlin John LLC purchased a new position in Moody’s in the 3rd quarter valued at about $27,000. Ares Financial Consulting LLC purchased a new position in Moody’s in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Moody’s in the 3rd quarter valued at about $30,000. Finally, Wealth Watch Advisors INC purchased a new position in Moody’s in the 3rd quarter valued at about $32,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the sale, the senior vice president owned 1,985 shares in the company, valued at $900,534.95. This trade represents a 7.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $665,533.89. Following the sale, the chief executive officer owned 52,564 shares of the company’s stock, valued at $23,846,709.88. This represents a 2.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,717 shares of company stock valued at $2,137,306 in the last 90 days. Insiders own 0.14% of the company’s stock.

Moody’s Trading Down 1.6%

MCO opened at $444.02 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day simple moving average is $447.52 and its two-hundred day simple moving average is $470.05. Moody’s Corporation has a 1-year low of $402.28 and a 1-year high of $546.88. The firm has a market capitalization of $77.57 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.43 and a beta of 1.35.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.22 by $0.11. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company posted $3.83 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. Analysts expect that Moody’s Corporation will post 16.69 EPS for the current fiscal year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. Moody’s’s dividend payout ratio (DPR) is currently 29.53%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore reaffirmed an “outperform” rating and issued a $610.00 price target on shares of Moody’s in a research note on Thursday, February 19th. Bank of America reaffirmed a “buy” rating and issued a $565.00 price target on shares of Moody’s in a research note on Wednesday, April 22nd. BMO Capital Markets reissued a “market perform” rating on shares of Moody’s in a research note on Tuesday, May 26th. Wells Fargo & Company raised their target price on shares of Moody’s from $560.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, UBS Group decreased their target price on shares of Moody’s from $515.00 to $490.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Moody’s currently has an average rating of “Moderate Buy” and a consensus target price of $544.29.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.