Crewe Advisors LLC Lowers Holdings in Moody’s Corporation $MCO

Crewe Advisors LLC lessened its stake in Moody’s Corporation (NYSE:MCO) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,022 shares of the business services provider’s stock after selling 195 shares during the quarter. Crewe Advisors LLC’s holdings in Moody’s were worth $3,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Horizon Financial Services LLC increased its holdings in Moody’s by 77,500.0% in the 1st quarter. Horizon Financial Services LLC now owns 2,328 shares of the business services provider’s stock worth $1,084,000 after buying an additional 2,325 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Moody’s by 11.9% in the 1st quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock worth $244,817,000 after buying an additional 56,273 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Moody’s by 289.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock worth $1,528,000 after buying an additional 2,440 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Moody’s by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 69,849 shares of the business services provider’s stock worth $32,528,000 after buying an additional 5,095 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Moody’s by 10.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,259 shares of the business services provider’s stock worth $3,381,000 after buying an additional 678 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

Moody’s Stock Up 0.5%

MCO stock opened at $470.72 on Monday. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. The stock has a market cap of $84.26 billion, a P/E ratio of 39.99, a PEG ratio of 2.88 and a beta of 1.41. The business’s 50-day moving average price is $497.04 and its 200-day moving average price is $483.11.

Moody’s (NYSE:MCO) last posted 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 return on equity of 60.73% and a net margin of 29.18%.The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $3.28 EPS. The business’s quarterly 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. On average, equities research analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

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

Insider Activity

In related news, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $481.09, for a total value of $199,652.35. Following the transaction, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at approximately $29,385,939.38. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael L. West sold 3,704 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 8,209 shares in the company, valued at approximately $4,195,619.90. This represents a 31.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,423 shares of company stock worth $4,802,876. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays lifted their price objective on Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Mizuho boosted their price target on Moody’s from $532.00 to $539.00 and gave the company a “neutral” rating in a research note on Thursday. Robert W. Baird boosted their price target on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody’s and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley set a $520.00 price target on Moody’s in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Moody’s has a consensus rating of “Moderate Buy” and an average target price of $542.87.

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.