United Services Automobile Association Makes New Investment in Moody’s Corporation $MCO

United Services Automobile Association acquired a new position in shares of Moody’s Corporation (NYSE:MCO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,743 shares of the business services provider’s stock, valued at approximately $1,727,000.

Other hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its position in shares of Moody’s by 1,000.0% in the first quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock valued at $26,000 after buying an additional 50 shares in the last quarter. Saudi Central Bank acquired a new stake in shares of Moody’s in the first quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its position in shares of Moody’s by 5,050.0% in the first quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider’s stock valued at $48,000 after buying an additional 101 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Moody’s in the first quarter valued at approximately $49,000. Finally, Meeder Asset Management Inc. raised its position in shares of Moody’s by 132.6% in the first quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after buying an additional 61 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Stephen T. Tulenko sold 2,120 shares of the business’s 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 transaction, the insider owned 5,558 shares in the company, valued at $2,841,138.44. The trade was a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $521.45, for a total transaction of $216,401.75. Following the completion of the transaction, the chief executive officer owned 61,618 shares in the company, valued at approximately $32,130,706.10. The trade was a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,008 shares of company stock valued at $4,599,385 over the last quarter. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MCO. Wells Fargo & Company lifted their price target on shares of Moody’s from $573.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Oppenheimer lifted their price objective on shares of Moody’s from $552.00 to $563.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 price objective on shares of Moody’s in a research note on Wednesday, June 4th. Morgan Stanley lifted their price objective on shares of Moody’s from $493.00 to $498.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Finally, Mizuho lifted their price objective on shares of Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $540.57.

Moody’s Stock Performance

NYSE MCO opened at $499.00 on Monday. The firm’s fifty day moving average price is $507.85 and its two-hundred day moving average price is $479.22. The stock has a market cap of $89.32 billion, a PE ratio of 42.40, a PEG ratio of 3.19 and a beta of 1.42. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.17. The company had revenue of $1.90 billion for 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%. Moody’s’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.28 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.94 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.76 annualized dividend and a yield of 0.8%. Moody’s’s payout ratio is presently 31.95%.

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.