Dock Street Asset Management Inc. Has $10.03 Million Stock Holdings in Moody’s Corporation $MCO

Dock Street Asset Management Inc. cut its position in shares of Moody’s Corporation (NYSE:MCO) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,003 shares of the business services provider’s stock after selling 1,097 shares during the quarter. Moody’s accounts for 0.9% of Dock Street Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Dock Street Asset Management Inc.’s holdings in Moody’s were worth $10,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Horizon Financial Services LLC grew its position in Moody’s by 77,500.0% during the first quarter. Horizon Financial Services LLC now owns 2,328 shares of the business services provider’s stock worth $1,084,000 after buying an additional 2,325 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Moody’s by 11.9% during the first quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock valued at $244,817,000 after purchasing an additional 56,273 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Moody’s by 289.8% during the first quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock valued at $1,528,000 after purchasing an additional 2,440 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Moody’s by 7.9% during the first quarter. Asset Management One Co. Ltd. now owns 69,849 shares of the business services provider’s stock valued at $32,528,000 after purchasing an additional 5,095 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Moody’s by 10.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,259 shares of the business services provider’s stock valued at $3,381,000 after purchasing an additional 678 shares in the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Moody’s Stock Performance

MCO stock opened at $481.36 on Wednesday. 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 company has a 50 day moving average price of $499.65 and a 200 day moving average price of $482.74. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The stock has a market capitalization of $86.16 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 2.91 and a beta of 1.41.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.39 by $0.17. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company posted $3.28 EPS. Moody’s’s revenue was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. Analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Moody’s’s payout ratio is currently 31.95%.

Insider Activity

In other news, CFO Noemie Clemence Heuland sold 897 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the transaction, the chief financial officer owned 2,148 shares of the company’s stock, valued at $1,091,699.52. The trade was a 29.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael L. West sold 3,704 shares of the company’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 directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,008 shares of company stock worth $4,603,224. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MCO. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Moody’s in a report on Thursday, October 9th. Mizuho lifted their price objective on Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Seaport Res Ptn upgraded shares of Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company lifted their target price on shares of Moody’s from $595.00 to $597.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Moody’s in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $543.27.

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.