CreativeOne Wealth LLC Trims Position in Moody’s Corporation $MCO

CreativeOne Wealth LLC lessened its stake in shares of Moody’s Corporation (NYSE:MCO) by 8.7% in the first quarter, Holdings Channel reports. The institutional investor owned 6,007 shares of the business services provider’s stock after selling 572 shares during the quarter. CreativeOne Wealth LLC’s holdings in Moody’s were worth $2,798,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in Moody’s by 5.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 9,048 shares of the business services provider’s stock valued at $4,214,000 after buying an additional 471 shares in the last quarter. Horizon Financial Services LLC grew its holdings in Moody’s by 77,500.0% during the 1st quarter. Horizon Financial Services LLC now owns 2,328 shares of the business services provider’s stock valued at $1,084,000 after buying an additional 2,325 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Moody’s by 11.9% during the 1st quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock valued at $244,817,000 after buying an additional 56,273 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Moody’s by 289.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock valued at $1,528,000 after buying an additional 2,440 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Moody’s by 7.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 69,849 shares of the business services provider’s stock valued at $32,528,000 after buying an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

NYSE:MCO opened at $510.33 on Thursday. The business has a 50 day moving average of $504.58 and a 200 day moving average of $480.35. The company has a market capitalization of $91.35 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 3.27 and a beta of 1.40. 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.

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, topping analysts’ consensus estimates of $3.39 by $0.17. The company 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 quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.28 EPS. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. On average, sell-side analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.94 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.7%. Moody’s’s payout ratio is presently 31.95%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCO. Morgan Stanley boosted their price objective on Moody’s from $493.00 to $498.00 and gave the stock an “equal weight” rating in a report on Monday, July 7th. Mizuho boosted their price objective on Moody’s from $496.00 to $532.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Royal Bank Of Canada reissued an “outperform” rating and set a $550.00 price objective on shares of Moody’s in a report on Wednesday, June 4th. Robert W. Baird boosted their price objective on Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Oppenheimer boosted their price objective on Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $538.80.

Insider Buying and Selling

In related news, insider Michael L. West sold 3,704 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total value of $1,893,114.40. Following the completion of the sale, the insider owned 8,209 shares in the company, valued at $4,195,619.90. The trade was a 31.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Noemie Clemence Heuland sold 897 shares of Moody’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the transaction, the chief financial officer directly owned 2,148 shares in the company, valued at $1,091,699.52. This trade represents a 29.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,008 shares of company stock worth $4,599,385 over the last ninety 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.