Tributary Capital Management LLC Has $446,000 Holdings in Moody’s Corporation $MCO

Tributary Capital Management LLC cut its position in Moody’s Corporation (NYSE:MCO) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 890 shares of the business services provider’s stock after selling 25 shares during the period. Tributary Capital Management LLC’s holdings in Moody’s were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCO. Nuveen LLC bought a new position in shares of Moody’s in the first quarter worth about $328,595,000. Goldman Sachs Group Inc. raised its stake in shares of Moody’s by 21.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock worth $712,777,000 after acquiring an additional 265,389 shares during the last quarter. PineStone Asset Management Inc. raised its stake in shares of Moody’s by 10.3% in the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock worth $1,159,185,000 after acquiring an additional 215,551 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Moody’s by 70.0% in the first quarter. Envestnet Asset Management Inc. now owns 447,444 shares of the business services provider’s stock worth $208,370,000 after acquiring an additional 184,297 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Moody’s by 29.9% in the first quarter. Acadian Asset Management LLC now owns 634,762 shares of the business services provider’s stock worth $295,570,000 after acquiring an additional 146,141 shares during the last quarter. 92.11% of the stock is owned by institutional investors.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $481.09, for a total value of $199,652.35. Following the completion of the sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $29,385,939.38. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 9,423 shares of company stock valued at $4,802,876. Corporate insiders own 0.14% of the company’s stock.

Moody’s Trading Up 1.5%

MCO opened at $479.65 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.75. The company has a market cap of $85.86 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.41. The firm has a 50 day simple moving average of $493.84 and a 200 day simple moving average of $484.12. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93.

Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating the consensus estimate of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $3.21 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, sell-side analysts anticipate that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. Moody’s’s dividend payout ratio is presently 30.23%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MCO. Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus dropped their target price on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating for the company in a research note on Thursday. Wells Fargo & Company boosted their price target on shares of Moody’s from $597.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Finally, UBS Group boosted their price target 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, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $542.33.

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.