Accretive Wealth Partners LLC Purchases 24 Shares of Moody’s Corporation $MCO

Accretive Wealth Partners LLC increased its position in shares of Moody’s Corporation (NYSE:MCO) by 0.9% during the second quarter, HoldingsChannel reports. The fund owned 2,753 shares of the business services provider’s stock after buying an additional 24 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Moody’s were worth $1,381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCO. Wolff Wiese Magana LLC grew its position in Moody’s by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. Saudi Central Bank bought a new stake in Moody’s during the 1st quarter worth $30,000. ORG Partners LLC grew its position in Moody’s by 50.0% during the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Moody’s by 42.9% during the 2nd 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 during the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in Moody’s during the 2nd quarter worth $47,000. Institutional investors own 92.11% of the company’s stock.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $481.09, for a total transaction of $199,652.35. Following the transaction, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $29,385,939.38. This represents a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard G. Steele sold 1,457 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total value of $741,365.31. Following the transaction, the senior vice president directly owned 1,386 shares in the company, valued at approximately $705,238.38. This trade represents a 51.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock worth $4,802,876 over the last quarter. 0.14% of the stock is owned by company insiders.

Moody’s Stock Up 0.5%

Shares of Moody’s stock opened at $470.72 on Monday. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93. 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 stock’s 50-day moving average is $497.04 and its 200 day moving average is $483.11. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.88 and a beta of 1.41.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating the consensus estimate of $3.39 by $0.17. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $3.28 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. Equities research analysts anticipate that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MCO shares. UBS Group boosted their price objective on Moody’s from $445.00 to $515.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 price target on shares of Moody’s in a research report on Thursday, October 9th. Morgan Stanley set a $520.00 price target on Moody’s in a research report on Thursday, October 9th. Finally, Barclays upped their price target on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. One 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 stock. According to data from MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and an average target price of $542.87.

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.