Moody’s Corporation $MCO Shares Bought by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. grew its position in Moody’s Corporation (NYSE:MCO) by 1.5% in the second quarter, HoldingsChannel reports. The fund owned 11,963 shares of the business services provider’s stock after acquiring an additional 175 shares during the quarter. Moody’s accounts for about 1.6% of Midwest Professional Planners LTD.’s portfolio, making the stock its 13th largest position. Midwest Professional Planners LTD.’s holdings in Moody’s were worth $6,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Moody’s by 0.8% in the 1st 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. Geode Capital Management LLC grew its holdings in Moody’s by 1.8% in the second quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after purchasing an additional 69,455 shares during the period. Fiera Capital Corp increased its position in shares of Moody’s by 1.4% in the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after buying an additional 35,123 shares in the last quarter. PineStone Asset Management Inc. increased its position in shares of Moody’s by 10.3% in 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 buying an additional 215,551 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Moody’s by 3.8% during the 1st 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 buying an additional 60,816 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MCO. Seaport Res Ptn raised shares of Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. BMO Capital Markets decreased their price objective on shares of Moody’s from $534.00 to $507.00 and set a “market perform” 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 research report on Friday, October 17th. Mizuho boosted their target price on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus decreased their price target on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Moody’s presently has an average rating of “Moderate Buy” and a consensus price target of $543.07.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 2,569 shares of company stock valued at $1,253,848 in the last quarter. 0.14% of the stock is owned by insiders.

Moody’s Stock Performance

NYSE:MCO opened at $478.95 on Monday. 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 $85.44 billion, a P/E ratio of 38.50, a P/E/G ratio of 2.79 and a beta of 1.40. The company’s 50-day moving average price is $486.68 and its 200-day moving average price is $491.60. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, sell-side analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is 30.23%.

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.