Sagespring Wealth Partners LLC Purchases 424 Shares of Moody’s Corporation $MCO

Sagespring Wealth Partners LLC raised its holdings in shares of Moody’s Corporation (NYSE:MCO) by 37.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,567 shares of the business services provider’s stock after purchasing an additional 424 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Moody’s were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Moody’s by 20.1% in the 1st quarter. GAMMA Investing LLC now owns 1,724 shares of the business services provider’s stock valued at $803,000 after acquiring an additional 288 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Moody’s by 49.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,532 shares of the business services provider’s stock valued at $10,493,000 after purchasing an additional 7,492 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Moody’s by 21.4% in the 1st quarter. Ritholtz Wealth Management now owns 2,452 shares of the business services provider’s stock valued at $1,142,000 after purchasing an additional 432 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Moody’s by 50.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,386 shares of the business services provider’s stock valued at $1,111,000 after purchasing an additional 795 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Moody’s in the 1st quarter valued at approximately $619,000. Institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MCO. Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody’s and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Moody’s in a report on Wednesday, October 8th. Seaport Res Ptn raised shares of Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, BMO Capital Markets raised their price objective on shares of Moody’s from $509.00 to $534.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $543.27.

Insider Buying and Selling at Moody’s

In other Moody’s news, insider Stephen T. Tulenko sold 2,120 shares of Moody’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the completion of the sale, the insider directly owned 5,558 shares of the company’s stock, valued at $2,841,138.44. The trade was a 27.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Noemie Clemence Heuland sold 897 shares of Moody’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the sale, the chief financial officer owned 2,148 shares of the company’s stock, valued at $1,091,699.52. The trade was a 29.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,008 shares of company stock worth $4,603,224 over the last quarter. Insiders own 0.14% of the company’s stock.

Moody’s Trading Down 0.6%

Shares of MCO opened at $478.32 on Thursday. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The company has a 50-day moving average of $498.86 and a 200 day moving average of $482.71. The firm has a market capitalization of $85.62 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.96 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75.

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

Moody’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. Moody’s’s payout ratio is 31.95%.

About Moody’s

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.