Mattson Financial Services LLC Makes New $898,000 Investment in Moody’s Corporation $MCO

Mattson Financial Services LLC acquired a new position in Moody’s Corporation (NYSE:MCO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,885 shares of the business services provider’s stock, valued at approximately $898,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fiera Capital Corp raised its position in shares of Moody’s by 1.4% during the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock worth $1,291,568,000 after purchasing an additional 35,123 shares during the period. Corient Private Wealth LLC increased its stake in Moody’s by 87.2% in the 2nd quarter. Corient Private Wealth LLC now owns 200,190 shares of the business services provider’s stock worth $100,414,000 after purchasing an additional 93,244 shares in the last quarter. Nordea Investment Management AB raised its holdings in Moody’s by 19.6% during the 2nd quarter. Nordea Investment Management AB now owns 604,010 shares of the business services provider’s stock worth $298,502,000 after buying an additional 98,951 shares during the period. Fortis Capital Advisors LLC acquired a new stake in Moody’s during the 1st quarter worth about $714,000. Finally, Petrus Trust Company LTA purchased a new stake in Moody’s during the first quarter valued at about $585,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Up 0.7%

MCO stock opened at $520.80 on Monday. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The company has a fifty day simple moving average of $488.40 and a 200 day simple moving average of $494.31. 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 firm has a market cap of $92.91 billion, a PE ratio of 41.86, a PEG ratio of 2.94 and a beta of 1.45.

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

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were given a $0.94 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.7%. Moody’s’s dividend payout ratio (DPR) is currently 30.23%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Evercore ISI raised their price target on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. The Goldman Sachs Group raised shares of Moody’s from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $524.00 to $570.00 in a research report on Tuesday, December 16th. Raymond James Financial upgraded shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Finally, Mizuho lifted their target price on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $543.40.

Insider Buying and Selling at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at $29,255,223.90. The trade was a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,154 shares of company stock valued at $1,041,098 in the last ninety days. 0.14% of the stock is currently owned by insiders.

About Moody’s

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.