Marks Group Wealth Management Inc Has $14.23 Million Stock Position in Moody’s Corporation $MCO

Marks Group Wealth Management Inc raised its holdings in shares of Moody’s Corporation (NYSE:MCO) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,364 shares of the business services provider’s stock after purchasing an additional 44 shares during the quarter. Moody’s accounts for approximately 1.3% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 10th largest holding. Marks Group Wealth Management Inc’s holdings in Moody’s were worth $14,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vest Financial LLC bought a new stake in shares of Moody’s in the first quarter valued at about $204,000. Procyon Advisors LLC raised its holdings in shares of Moody’s by 5.1% in the first quarter. Procyon Advisors LLC now owns 953 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 46 shares in the last quarter. Clean Yield Group raised its holdings in shares of Moody’s by 933.1% in the first quarter. Clean Yield Group now owns 4,153 shares of the business services provider’s stock valued at $1,934,000 after acquiring an additional 3,751 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Moody’s by 293.4% in the first quarter. UMB Bank n.a. now owns 8,864 shares of the business services provider’s stock valued at $4,128,000 after acquiring an additional 6,611 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Moody’s by 5.8% in the first quarter. Wedmont Private Capital now owns 2,427 shares of the business services provider’s stock valued at $1,040,000 after acquiring an additional 133 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

Moody’s Price Performance

Shares of MCO stock opened at $485.21 on Monday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The firm has a market capitalization of $86.85 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 3.00 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s 50-day simple moving average is $503.47 and its 200-day simple moving average is $482.02.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.39 by $0.17. Moody’s had a return on equity of 60.73% and a net margin of 29.18%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $3.28 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, equities analysts forecast that Moody’s Corporation will post 13.95 earnings per share 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 paid 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 payout ratio is presently 31.95%.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $512.65, for a total transaction of $212,749.75. Following the sale, the chief executive officer owned 61,350 shares in the company, valued at approximately $31,451,077.50. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael L. West sold 3,704 shares of the business’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total value of $1,893,114.40. Following the sale, the insider owned 8,209 shares in the company, valued at $4,195,619.90. The trade was a 31.09% 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. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group lifted their price objective on Moody’s from $445.00 to $515.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. BMO Capital Markets lifted their target price on Moody’s from $509.00 to $534.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Oppenheimer lifted their target price on Moody’s from $552.00 to $563.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Barclays lifted their target price on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their target price on Moody’s from $493.00 to $498.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $541.21.

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.