Delta Investment Management LLC Has $401,000 Stake in Moody’s Corporation $MCO

Delta Investment Management LLC boosted its stake in Moody’s Corporation (NYSE:MCO) by 19.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 861 shares of the business services provider’s stock after buying an additional 142 shares during the period. Delta Investment Management LLC’s holdings in Moody’s were worth $401,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC boosted its stake in Moody’s by 1,000.0% in the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Golden State Wealth Management LLC raised its position in 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 valued at $48,000 after purchasing an additional 101 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Moody’s in the 1st quarter valued at $49,000. Meeder Asset Management Inc. raised its position in Moody’s by 132.6% in the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 61 shares during the last quarter. Finally, Motco raised its position in Moody’s by 581.3% in the 1st quarter. Motco now owns 109 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCO shares. Oppenheimer lifted their price objective on Moody’s from $552.00 to $563.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Mizuho lifted their price objective on Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Morgan Stanley lifted their price objective on Moody’s from $493.00 to $498.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. UBS Group lifted their price objective on Moody’s from $445.00 to $515.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on Moody’s from $573.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $538.80.

Moody’s Price Performance

Moody’s stock opened at $510.33 on Thursday. The business’s 50-day simple moving average is $504.58 and its 200 day simple moving average is $480.35. The stock has a market cap of $91.35 billion, a price-to-earnings ratio of 43.36, a P/E/G ratio of 3.27 and a beta of 1.40. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.39 by $0.17. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.28 earnings per share. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, research analysts anticipate that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.94 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.76 annualized dividend and a yield of 0.7%. Moody’s’s dividend payout ratio (DPR) is currently 31.95%.

Insiders Place Their Bets

In related news, SVP Richard G. Steele sold 1,457 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total value of $741,365.31. Following the transaction, the senior vice president owned 1,386 shares in the company, valued at $705,238.38. This trade represents a 51.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $521.45, for a total value of $216,401.75. Following the completion of the sale, the chief executive officer owned 61,618 shares of the company’s stock, valued at $32,130,706.10. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,008 shares of company stock valued at $4,599,385 over the last 90 days. Corporate 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.