K.J. Harrison & Partners Inc Has $6.86 Million Stock Position in Moody’s Corporation $MCO

K.J. Harrison & Partners Inc lowered its holdings in shares of Moody’s Corporation (NYSE:MCO) by 12.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,675 shares of the business services provider’s stock after selling 2,000 shares during the period. Moody’s comprises 1.1% of K.J. Harrison & Partners Inc’s holdings, making the stock its 20th largest holding. K.J. Harrison & Partners Inc’s holdings in Moody’s were worth $6,859,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MCO. Nuveen LLC bought a new position in shares of Moody’s during the first quarter valued at $328,595,000. Goldman Sachs Group Inc. raised its stake in shares of Moody’s by 21.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after acquiring an additional 265,389 shares during the last quarter. PineStone Asset Management Inc. raised its stake in shares of Moody’s by 10.3% during the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after acquiring an additional 215,551 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Moody’s by 70.0% during the first quarter. Envestnet Asset Management Inc. now owns 447,444 shares of the business services provider’s stock valued at $208,370,000 after acquiring an additional 184,297 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Moody’s by 29.9% during the first quarter. Acadian Asset Management LLC now owns 634,762 shares of the business services provider’s stock valued at $295,570,000 after acquiring an additional 146,141 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Trading Up 0.4%

MCO opened at $480.72 on Monday. Moody’s Corporation has a 1-year low of $378.71 and a 1-year 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. The company has a market cap of $85.76 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.79 and a beta of 1.41. The company has a fifty day moving average price of $490.45 and a two-hundred day moving average price of $487.92.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, beating 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The business’s revenue 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. Analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given 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 dividend yield of 0.8%. Moody’s’s payout ratio is presently 30.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley set a $520.00 price target on shares of Moody’s in a research note on Thursday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Raymond James Financial upgraded shares of Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. Mizuho boosted their target price on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Barclays boosted their target price on shares of Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $543.07.

Insider Activity at Moody’s

In other 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 transaction of $269,669.40. Following the completion of the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $30,168,399.80. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 1,817 shares of company stock worth $911,315 over the last ninety days. 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.