QRG Capital Management Inc. Purchases 580 Shares of Moody’s Corporation $MCO

QRG Capital Management Inc. boosted its stake in shares of Moody’s Corporation (NYSE:MCO) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,963 shares of the business services provider’s stock after purchasing an additional 580 shares during the quarter. QRG Capital Management Inc.’s holdings in Moody’s were worth $9,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Moody’s by 0.8% during the first quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock worth $6,899,490,000 after purchasing an additional 119,548 shares during the period. PineStone Asset Management Inc. boosted its position in 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 worth $1,159,185,000 after purchasing an additional 215,551 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Moody’s by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,651,495 shares of the business services provider’s stock worth $769,085,000 after purchasing an additional 60,816 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Moody’s by 9.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock worth $738,897,000 after purchasing an additional 140,128 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Moody’s by 21.0% in 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 period. 92.11% of the stock is owned by institutional investors.

Moody’s Stock Up 0.6%

MCO stock opened at $485.21 on Friday. The company has a market cap of $86.85 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 3.09 and a beta of 1.41. The business has a 50-day simple moving average of $503.47 and a 200 day simple moving average of $481.87. Moody’s Corporation has a 52 week low of $378.71 and a 52 week 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 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.17. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.82 billion. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.Moody’s’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.28 earnings per share. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. Sell-side analysts anticipate that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCO. Robert W. Baird boosted their target price on shares of Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Moody’s from $495.00 to $565.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. UBS Group boosted their target price on shares of Moody’s from $445.00 to $515.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Moody’s in a research report on Saturday, September 27th. Finally, BMO Capital Markets boosted their target price on shares of Moody’s from $509.00 to $534.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Moody’s currently has an average rating of “Moderate Buy” and a consensus price target of $541.21.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $512.65, for a total transaction of $212,749.75. Following the completion of the transaction, the chief executive officer owned 61,350 shares of the company’s stock, valued at approximately $31,451,077.50. The trade was a 0.67% 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 the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total value of $1,083,701.60. Following the transaction, the insider directly owned 5,558 shares of the company’s stock, valued at approximately $2,841,138.44. The trade was a 27.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,423 shares of company stock valued at $4,812,135. Corporate insiders own 0.14% of the company’s stock.

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.