Moody’s Corporation $MCO Position Increased by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of Moody’s Corporation (NYSE:MCO) by 40.8% in the 2nd quarter, Holdings Channel reports. The firm owned 3,923 shares of the business services provider’s stock after purchasing an additional 1,137 shares during the quarter. Assetmark Inc.’s holdings in Moody’s were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in MCO. D.A. Davidson & CO. grew its position in shares of Moody’s by 16.5% during the first quarter. D.A. Davidson & CO. now owns 3,735 shares of the business services provider’s stock worth $1,739,000 after acquiring an additional 529 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Moody’s by 289.8% during the first quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock worth $1,528,000 after acquiring an additional 2,440 shares during the last quarter. Envestnet Asset Management Inc. grew its position 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 worth $208,370,000 after acquiring an additional 184,297 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Moody’s by 8.0% during the first quarter. TD Private Client Wealth LLC now owns 379 shares of the business services provider’s stock worth $176,000 after acquiring an additional 28 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Moody’s by 62.2% during the first quarter. Crossmark Global Holdings Inc. now owns 26,424 shares of the business services provider’s stock worth $12,305,000 after acquiring an additional 10,135 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of NYSE MCO opened at $487.64 on Wednesday. Moody’s Corporation has a twelve month low of $378.71 and a twelve month 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 capitalization of $87.00 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 2.79 and a beta of 1.41. The firm has a 50-day moving average of $489.47 and a two-hundred day moving average of $488.79.

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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, analysts expect 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. 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 dividend on an annualized basis and a yield of 0.8%. Moody’s’s dividend payout ratio is currently 30.23%.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 2,984 shares of company stock worth $1,470,249 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MCO. Royal Bank Of Canada restated an “outperform” rating and set a $550.00 price target on shares of Moody’s in a research report on Thursday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Evercore ISI upped their price objective on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. UBS Group upped their price objective on shares of Moody’s from $445.00 to $515.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. One equities research 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.