Moody’s Corporation $MCO Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Moody’s Corporation (NYSE:MCO) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 484,108 shares of the business services provider’s stock after purchasing an additional 36,664 shares during the period. Envestnet Asset Management Inc.’s holdings in Moody’s were worth $242,824,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Saudi Central Bank bought a new position in shares of Moody’s during the first quarter worth about $30,000. ORG Partners LLC lifted its position in shares of Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after purchasing an additional 22 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Moody’s by 42.9% during the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after purchasing an additional 24 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Moody’s during the second quarter worth about $47,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Moody’s by 5,050.0% during the first quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider’s stock worth $48,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of NYSE:MCO opened at $495.22 on Tuesday. The firm’s 50 day moving average is $493.04 and its two-hundred day moving average is $486.09. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The firm has a market capitalization of $88.35 billion, a P/E ratio of 39.81, a PEG ratio of 2.89 and a beta of 1.41. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70.

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

Moody’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s dividend payout ratio (DPR) is currently 30.23%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MCO shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Moody’s in a report on Wednesday, October 8th. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. BMO Capital Markets cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Moody’s presently has an average rating of “Moderate Buy” and an average price target of $542.33.

Insider Buying and Selling

In related news, insider Stephen T. Tulenko sold 2,120 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the transaction, the insider owned 5,558 shares in the company, valued at $2,841,138.44. This trade represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Fauber sold 415 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $481.09, for a total transaction of $199,652.35. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,385,939.38. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,365 shares of company stock worth $1,712,505 in the last quarter. Company insiders own 0.14% of the company’s stock.

Moody’s Company 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.