Moody’s Corporation $MCO Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Moody’s Corporation (NYSE:MCO) by 14.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,555 shares of the business services provider’s stock after purchasing an additional 199 shares during the quarter. International Assets Investment Management LLC’s holdings in Moody’s were worth $780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Financial Services LLC boosted its holdings in Moody’s by 77,500.0% in the first quarter. Horizon Financial Services LLC now owns 2,328 shares of the business services provider’s stock valued at $1,084,000 after purchasing an additional 2,325 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Moody’s by 11.9% in the first quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock valued at $244,817,000 after purchasing an additional 56,273 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Moody’s by 289.8% in the first quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock valued at $1,528,000 after acquiring an additional 2,440 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Moody’s by 7.9% in the first quarter. Asset Management One Co. Ltd. now owns 69,849 shares of the business services provider’s stock valued at $32,528,000 after acquiring an additional 5,095 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Moody’s by 1.4% in the first quarter. Arizona State Retirement System now owns 47,859 shares of the business services provider’s stock valued at $22,287,000 after acquiring an additional 656 shares during the period. 92.11% of the stock is owned by institutional investors and hedge funds.

Moody’s Stock Up 0.8%

MCO opened at $474.80 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. The firm has a market cap of $84.99 billion, a P/E ratio of 40.34, a PEG ratio of 2.88 and a beta of 1.41. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. The business’s fifty day simple moving average is $496.30 and its 200 day simple moving average is $483.62.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.17. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.28 earnings per share. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, equities research analysts anticipate that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is presently 31.95%.

Insider Buying and Selling at Moody’s

In related news, SVP Richard G. Steele sold 1,457 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total transaction of $741,365.31. Following the sale, the senior vice president owned 1,386 shares of the company’s stock, valued at $705,238.38. This trade represents a 51.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total value of $1,083,701.60. Following the sale, the insider directly owned 5,558 shares in the company, valued at approximately $2,841,138.44. The trade was a 27.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,423 shares of company stock valued at $4,802,876. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James Financial raised Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday. Robert W. Baird increased their price objective on Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Moody’s in a research report on Wednesday, October 8th. Barclays raised their price target on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Seaport Res Ptn upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $542.87.

Moody’s 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.