First Horizon Advisors Inc. Acquires 118 Shares of Moody’s Corporation $MCO

First Horizon Advisors Inc. increased its holdings in shares of Moody’s Corporation (NYSE:MCO) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,898 shares of the business services provider’s stock after acquiring an additional 118 shares during the quarter. First Horizon Advisors Inc.’s holdings in Moody’s were worth $953,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC increased its position in shares of Moody’s by 26.9% during the 2nd quarter. Crestwood Advisors Group LLC now owns 811 shares of the business services provider’s stock valued at $407,000 after purchasing an additional 172 shares during the last quarter. NewSquare Capital LLC grew its position in Moody’s by 86.4% during the second quarter. NewSquare Capital LLC now owns 110 shares of the business services provider’s stock valued at $55,000 after buying an additional 51 shares during the period. Rockline Wealth Management LLC grew its position in Moody’s by 7.0% during the second quarter. Rockline Wealth Management LLC now owns 3,345 shares of the business services provider’s stock valued at $1,678,000 after buying an additional 218 shares during the period. iA Global Asset Management Inc. increased its holdings in Moody’s by 16.9% during the second quarter. iA Global Asset Management Inc. now owns 11,102 shares of the business services provider’s stock worth $5,569,000 after buying an additional 1,605 shares during the last quarter. Finally, TIAA Trust National Association raised its position in Moody’s by 3.3% in the second quarter. TIAA Trust National Association now owns 6,228 shares of the business services provider’s stock worth $3,123,000 after acquiring an additional 198 shares during the period. Institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MCO. Barclays increased their target price on shares of Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. BMO Capital Markets reduced their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a research note on Thursday, October 9th. JPMorgan Chase & Co. cut their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Finally, Oppenheimer lifted their price objective on Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $543.07.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. This represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 2,984 shares of company stock worth $1,470,249. Corporate insiders own 0.14% of the company’s stock.

Moody’s Price Performance

Moody’s stock opened at $482.02 on Friday. The firm has a market capitalization of $85.99 billion, a P/E ratio of 38.75, a PEG ratio of 2.79 and a beta of 1.40. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The business has a fifty day moving average price of $488.43 and a 200-day moving average price of $488.73.

Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, topping the consensus estimate of $3.70 by $0.22. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. As a group, equities research analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

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

Moody’s 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.