Moody’s Corporation $MCO Stock Position Decreased by Ellevest Inc.

Ellevest Inc. lessened its holdings in shares of Moody’s Corporation (NYSE:MCO) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,469 shares of the business services provider’s stock after selling 112 shares during the period. Ellevest Inc.’s holdings in Moody’s were worth $737,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Crestwood Advisors Group LLC grew its position in Moody’s by 26.9% in the 2nd quarter. Crestwood Advisors Group LLC now owns 811 shares of the business services provider’s stock worth $407,000 after purchasing an additional 172 shares during the last quarter. NewSquare Capital LLC grew its position in Moody’s by 86.4% in the 2nd quarter. NewSquare Capital LLC now owns 110 shares of the business services provider’s stock worth $55,000 after purchasing an additional 51 shares during the last quarter. Rockline Wealth Management LLC grew its position in Moody’s by 7.0% in the 2nd quarter. Rockline Wealth Management LLC now owns 3,345 shares of the business services provider’s stock worth $1,678,000 after purchasing an additional 218 shares during the last quarter. iA Global Asset Management Inc. grew its position in Moody’s by 16.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 11,102 shares of the business services provider’s stock worth $5,569,000 after purchasing an additional 1,605 shares during the last quarter. Finally, TIAA Trust National Association grew its position in Moody’s by 3.3% in the 2nd quarter. TIAA Trust National Association now owns 6,228 shares of the business services provider’s stock worth $3,123,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $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 available at the SEC website. Insiders have sold 2,984 shares of company stock worth $1,470,249 over the last ninety days. 0.14% of the stock is owned by corporate insiders.

Moody’s Stock Down 0.2%

MCO stock opened at $486.58 on Thursday. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The firm has a market cap of $86.81 billion, a PE ratio of 39.11, a P/E/G ratio of 2.79 and a beta of 1.40. The firm has a 50 day simple moving average of $488.99 and a 200 day simple moving average of $488.78. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business earned $3.21 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities research analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently announced 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. 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 dividend payout ratio is currently 30.23%.

Wall Street Analyst Weigh In

MCO has been the subject of several recent analyst reports. Evercore ISI upped their target price 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. BMO Capital Markets reduced their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Robert W. Baird upped their price target on shares of Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Finally, Oppenheimer upped their price target on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.