Resonant Capital Advisors LLC Invests $245,000 in Moody’s Corporation $MCO

Resonant Capital Advisors LLC purchased a new stake in Moody’s Corporation (NYSE:MCO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 488 shares of the business services provider’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Saudi Central Bank purchased a new position in shares of Moody’s during the 1st quarter valued at approximately $30,000. ORG Partners LLC boosted its stake in Moody’s by 50.0% during 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. Central Pacific Bank Trust Division grew its holdings 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 in the last quarter. Maryland Capital Advisors Inc. acquired a new position in Moody’s during the 2nd quarter worth $47,000. Finally, Golden State Wealth Management LLC increased its position in shares of Moody’s by 5,050.0% in the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider’s stock worth $48,000 after purchasing an additional 101 shares during the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Moody’s Stock Up 0.9%

MCO stock opened at $495.22 on Tuesday. The stock has a market cap of $88.35 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 2.89 and a beta of 1.41. The firm’s 50-day simple moving average is $493.04 and its 200 day simple moving average is $486.09. 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 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 earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, topping the consensus estimate of $3.70 by $0.22. The firm had revenue of $2.01 billion during 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%. Moody’s’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, sell-side analysts predict 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 will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.76 annualized dividend and a yield of 0.8%. Moody’s’s payout ratio is presently 30.23%.

Analyst Ratings Changes

MCO has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 price target on shares of Moody’s in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the stock a “buy” rating in a research report on Wednesday, October 1st. UBS Group upped their price target on Moody’s from $445.00 to $515.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Mizuho lifted their price objective on shares of Moody’s from $532.00 to $539.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Wall Street Zen raised shares of Moody’s from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $542.33.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $481.09, for a total value of $199,652.35. Following the completion of the sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at $29,385,939.38. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the transaction, the insider directly owned 5,558 shares in the company, valued at approximately $2,841,138.44. The trade was a 27.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,365 shares of company stock valued at $1,712,505. Company insiders own 0.14% of the company’s stock.

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.