Quent Capital LLC Has $222,000 Position in Moody’s Corporation $MCO

Quent Capital LLC raised its stake in Moody’s Corporation (NYSE:MCO) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 443 shares of the business services provider’s stock after purchasing an additional 45 shares during the period. Quent Capital LLC’s holdings in Moody’s were worth $222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ORG Partners LLC increased its holdings in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 22 shares during the last quarter. McLean Asset Management Corp increased its holdings in shares of Moody’s by 3.1% in the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 23 shares during the last quarter. Central Pacific Bank Trust Division increased 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 purchasing an additional 24 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of 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 valued at $561,000 after acquiring an additional 25 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in shares of Moody’s by 5.8% in the first quarter. Catalyst Financial Partners LLC now owns 477 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 26 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCO has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Moody’s from $495.00 to $565.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Barclays upped their price target 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. BMO Capital Markets upped their price target on shares of Moody’s from $509.00 to $534.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their price target on shares of Moody’s from $595.00 to $597.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Seaport Res Ptn upgraded shares of Moody’s to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $541.21.

Moody’s Trading Up 0.6%

Shares of Moody’s stock opened at $485.21 on Friday. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 3.09 and a beta of 1.41. 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 Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The firm’s 50-day moving average price is $503.47 and its two-hundred day moving average price is $481.87.

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

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a $0.94 dividend. 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 is 31.95%.

Insider Transactions at Moody’s

In other news, insider Stephen T. Tulenko sold 2,120 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 5,558 shares of the company’s stock, valued at approximately $2,841,138.44. This represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Noemie Clemence Heuland sold 897 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total transaction of $455,891.28. Following the completion of the transaction, the chief financial officer directly owned 2,148 shares of the company’s stock, valued at $1,091,699.52. This trade represents a 29.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,423 shares of company stock valued at $4,812,135. 0.14% of the stock is owned by company insiders.

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.