Mattern Capital Management LLC Has $636,000 Stock Position in Moody’s Corporation $MCO

Mattern Capital Management LLC increased its holdings in shares of Moody’s Corporation (NYSE:MCO) by 10.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,268 shares of the business services provider’s stock after purchasing an additional 125 shares during the period. Mattern Capital Management LLC’s holdings in Moody’s were worth $636,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in Moody’s in the 1st quarter valued at $469,000. RFG Advisory LLC increased its holdings in shares of Moody’s by 4.5% in the first quarter. RFG Advisory LLC now owns 954 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 41 shares during the last quarter. Lmcg Investments LLC raised its position in shares of Moody’s by 1.5% in the first quarter. Lmcg Investments LLC now owns 5,125 shares of the business services provider’s stock valued at $2,387,000 after purchasing an additional 77 shares during the period. Vest Financial LLC acquired a new stake in shares of Moody’s during the 1st quarter worth about $204,000. Finally, Procyon Advisors LLC boosted its holdings in shares of Moody’s by 5.1% during the 1st quarter. Procyon Advisors LLC now owns 953 shares of the business services provider’s stock worth $444,000 after buying an additional 46 shares during the period. Institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MCO shares. Barclays increased their price target 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. Wells Fargo & Company increased their target price on Moody’s from $595.00 to $597.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Moody’s in a report on Saturday, September 27th. Mizuho upped their price objective on Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Morgan Stanley lifted their target price on Moody’s from $493.00 to $498.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $541.21.

Moody’s Trading Up 0.6%

Shares of NYSE:MCO opened at $485.21 on Friday. The business’s 50 day simple moving average is $503.47 and its 200 day simple moving average is $481.72. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $86.85 billion, a P/E ratio of 41.22, a P/E/G ratio of 3.07 and a beta of 1.41.

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

Moody’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.94 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. Moody’s’s payout ratio is presently 31.95%.

Insider Activity at Moody’s

In related news, CFO Noemie Clemence Heuland sold 897 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total transaction of $455,891.28. Following the sale, the chief financial officer owned 2,148 shares in the company, valued at approximately $1,091,699.52. This trade represents a 29.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $512.65, for a total transaction of $212,749.75. Following the transaction, the chief executive officer owned 61,350 shares of the company’s stock, valued at approximately $31,451,077.50. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,423 shares of company stock worth $4,812,135 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

About Moody’s

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.