Moody’s Corporation $MCO Shares Sold by Balboa Wealth Partners

Balboa Wealth Partners decreased its holdings in Moody’s Corporation (NYSE:MCO) by 10.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 724 shares of the business services provider’s stock after selling 87 shares during the quarter. Balboa Wealth Partners’ holdings in Moody’s were worth $363,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Boston Trust Walden Corp grew its position in Moody’s by 0.3% in the second quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after buying an additional 20 shares during the last quarter. ORG Partners LLC grew its position in Moody’s by 50.0% in 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 last quarter. McLean Asset Management Corp grew its position in Moody’s by 3.1% in the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock worth $379,000 after buying an additional 23 shares during the last quarter. Central Pacific Bank Trust Division grew its position in 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 worth $40,000 after buying an additional 24 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its position in Moody’s by 2.1% in the first quarter. Aaron Wealth Advisors LLC now owns 1,205 shares of the business services provider’s stock worth $561,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group lifted their price target on shares of Moody’s from $445.00 to $515.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of Moody’s from $570.00 to $580.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets decreased their price objective on shares of Moody’s from $534.00 to $521.00 and set a “market perform” rating for the company in a research note on Thursday. Barclays raised their price objective on shares of Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and a consensus target price of $542.87.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 415 shares of the firm’s stock in a transaction 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 approximately $29,385,939.38. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Richard G. Steele sold 1,457 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total transaction of $741,365.31. Following the transaction, the senior vice president owned 1,386 shares in the company, valued at $705,238.38. This represents a 51.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock worth $4,802,876 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Moody’s Trading Up 0.8%

Shares of NYSE:MCO opened at $474.80 on Tuesday. The firm has a fifty day moving average of $496.30 and a two-hundred day moving average of $483.62. The firm has a market capitalization of $84.99 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 2.88 and a beta of 1.41. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70.

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

Moody’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.94 per share. The ex-dividend date 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 currently 31.95%.

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.