Moody’s Corporation $MCO Position Boosted by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC boosted its position in Moody’s Corporation (NYSE:MCO) by 67.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 744 shares of the business services provider’s stock after buying an additional 300 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Moody’s were worth $373,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Boston Trust Walden Corp increased its holdings in shares of Moody’s by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock valued at $3,712,000 after acquiring an additional 20 shares during the last quarter. ORG Partners LLC increased its stake in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 22 shares during the last quarter. McLean Asset Management Corp increased its stake in Moody’s by 3.1% during the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 23 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Moody’s by 42.9% during the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after purchasing an additional 24 shares during the period. Finally, Accretive Wealth Partners LLC lifted its position in shares of Moody’s by 0.9% in the 2nd quarter. Accretive Wealth Partners LLC now owns 2,753 shares of the business services provider’s stock worth $1,381,000 after buying an additional 24 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 546 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $493.90, for a total value of $269,669.40. Following the sale, the chief executive officer directly owned 61,082 shares in the company, valued at approximately $30,168,399.80. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,817 shares of company stock worth $911,315 over the last quarter. 0.14% of the stock is owned by insiders.

Moody’s Stock Up 0.4%

MCO stock opened at $480.72 on Friday. The firm’s 50-day moving average is $490.45 and its two-hundred day moving average is $487.11. The company has a market capitalization of $85.76 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.41. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $3.21 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal 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 $0.94 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. Moody’s’s dividend payout ratio is 30.23%.

Wall Street Analyst Weigh In

MCO has been the topic of several research reports. Oppenheimer increased their price objective on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Evercore ISI upped their target price on Moody’s from $531.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Stifel Nicolaus cut their price target on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. BMO Capital Markets lowered their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $543.07.

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.