Fifth Third Wealth Advisors LLC Cuts Holdings in Moody’s Corporation $MCO

Fifth Third Wealth Advisors LLC decreased its holdings in Moody’s Corporation (NYSE:MCO) by 3.0% in the second quarter, Holdings Channel reports. The fund owned 1,516 shares of the business services provider’s stock after selling 47 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Moody’s were worth $760,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. ORG Partners LLC lifted its holdings in shares of Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares during the last quarter. McLean Asset Management Corp lifted its stake 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 purchasing an additional 23 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake 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 purchasing an additional 24 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake 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 purchasing an additional 25 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in Moody’s by 5.8% in the first quarter. Catalyst Financial Partners LLC now owns 477 shares of the business services provider’s stock worth $222,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

Moody’s stock opened at $484.17 on Monday. The company has a 50 day moving average price of $501.29 and a 200-day moving average price of $482.67. 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 Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The company has a market capitalization of $86.67 billion, a PE ratio of 41.14, a P/E/G ratio of 2.98 and a beta of 1.41.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.17. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm posted $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 year.

Moody’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders 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 yield of 0.8%. Moody’s’s dividend payout ratio is currently 31.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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 Thursday. Morgan Stanley set a $520.00 price objective on shares of Moody’s in a research note on Thursday. Oppenheimer raised their price objective 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. Deutsche Bank Aktiengesellschaft set a $528.00 price objective on shares of Moody’s and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, UBS Group raised their price objective on shares of Moody’s from $445.00 to $515.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $542.79.

Insider Activity at Moody’s

In other Moody’s news, CFO Noemie Clemence Heuland sold 897 shares of the company’s stock in a transaction on 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 sale, the chief financial officer owned 2,148 shares in the company, valued at $1,091,699.52. This represents a 29.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard G. Steele sold 1,457 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total value of $741,365.31. Following the sale, the senior vice president owned 1,386 shares of the company’s stock, valued at approximately $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 valued at $4,812,135 over the last 90 days. Insiders own 0.14% of the company’s stock.

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.