Moody’s Corporation $MCO Shares Bought by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Moody’s Corporation (NYSE:MCO) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,691 shares of the business services provider’s stock after buying an additional 592 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Moody’s were worth $11,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in shares of Moody’s during the first quarter worth about $30,000. ORG Partners LLC increased its position in 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 buying an additional 22 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Moody’s by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 24 shares during the period. Maryland Capital Advisors Inc. purchased a new position in shares of Moody’s during the second quarter worth approximately $47,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Moody’s by 132.6% in the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 61 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Moody’s 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 sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 2,569 shares of company stock valued at $1,253,848 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Moody’s Stock Performance

Shares of MCO opened at $490.25 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. The company has a 50-day simple moving average of $487.09 and a 200-day simple moving average of $490.75. The company has a market capitalization of $87.46 billion, a PE ratio of 39.41, a P/E/G ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $3.21 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued 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 payout ratio is currently 30.23%.

Analyst Ratings Changes

A number of research analysts have commented on MCO shares. Barclays lifted their price objective on shares of Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Oppenheimer boosted their target price on Moody’s from $552.00 to $563.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lowered their price objective on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Evercore ISI upped their price objective on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a report on Friday, October 31st. One equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $543.07.

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.