Cobblestone Capital Advisors LLC NY Purchases 429 Shares of Moody’s Corporation $MCO

Cobblestone Capital Advisors LLC NY lifted its position in Moody’s Corporation (NYSE:MCO) by 0.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 58,936 shares of the business services provider’s stock after buying an additional 429 shares during the period. Moody’s makes up about 1.5% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 18th largest position. Cobblestone Capital Advisors LLC NY’s holdings in Moody’s were worth $29,562,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MCO. GAMMA Investing LLC lifted its position in Moody’s by 20.1% in the 1st quarter. GAMMA Investing LLC now owns 1,724 shares of the business services provider’s stock valued at $803,000 after acquiring an additional 288 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Moody’s by 15.5% in the first quarter. Oppenheimer & Co. Inc. now owns 2,603 shares of the business services provider’s stock worth $1,212,000 after purchasing an additional 350 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Moody’s by 5,050.0% during the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider’s stock worth $48,000 after buying an additional 101 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Moody’s by 3.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,784 shares of the business services provider’s stock worth $1,762,000 after buying an additional 133 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Moody’s by 14.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,842 shares of the business services provider’s stock worth $8,693,000 after buying an additional 2,388 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley set a $520.00 price target on shares of Moody’s in a research report on Thursday, October 9th. Oppenheimer boosted their price target on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research report on Friday, October 17th. UBS Group boosted their price target on shares of Moody’s from $445.00 to $515.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research note on Thursday. 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $542.33.

Moody’s Stock Up 2.3%

Moody’s stock opened at $490.54 on Monday. The firm has a market capitalization of $87.81 billion, a PE ratio of 39.43, a P/E/G ratio of 2.89 and a beta of 1.41. The company’s 50-day moving average is $493.32 and its 200-day moving average is $485.70. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

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

Moody’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s payout ratio is currently 30.23%.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 415 shares of Moody’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 completion of the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $29,385,939.38. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Richard G. Steele sold 1,457 shares of Moody’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 sale, the senior vice president directly owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. The trade was a 51.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,423 shares of company stock valued at $4,802,876. 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.