Moody’s Corporation $MCO Shares Bought by Flossbach Von Storch SE

Flossbach Von Storch SE grew its position in Moody’s Corporation (NYSE:MCO) by 2.7% during the second quarter, Holdings Channel.com reports. The firm owned 185,439 shares of the business services provider’s stock after acquiring an additional 4,796 shares during the period. Flossbach Von Storch SE’s holdings in Moody’s were worth $93,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Saudi Central Bank purchased a new position in Moody’s in the first quarter valued at $30,000. ORG Partners LLC increased 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. Central Pacific Bank Trust Division raised its position in shares of Moody’s by 42.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after acquiring an additional 24 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new stake in shares of Moody’s during the 2nd quarter worth about $47,000. Finally, Meeder Asset Management Inc. lifted its stake in Moody’s by 132.6% during the first quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock worth $50,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Activity

In other news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 2,984 shares of company stock valued at $1,470,249 over the last quarter. Insiders own 0.14% of the company’s stock.

Moody’s Trading Up 1.2%

NYSE MCO opened at $487.81 on Friday. The firm’s fifty day moving average is $487.99 and its two-hundred day moving average is $489.65. 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 quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $87.03 billion, a PE ratio of 39.21, a P/E/G ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, topping 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 business 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% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Analysts expect 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 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 dividend yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s dividend payout ratio (DPR) is 30.23%.

Analysts Set New Price Targets

A number of research firms have weighed in on MCO. Robert W. Baird raised their price objective on shares of Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. BMO Capital Markets cut their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. Morgan Stanley set a $520.00 price objective on shares of Moody’s in a research note on Thursday, October 9th. Stifel Nicolaus dropped their price objective on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and an average target price of $543.07.

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.