PFG Advisors Has $636,000 Stock Position in Moody’s Corporation $MCO

PFG Advisors boosted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 65.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,267 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. PFG Advisors’ holdings in Moody’s were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in Moody’s by 8.4% during the 1st quarter. Allworth Financial LP now owns 1,085 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 84 shares during the last quarter. CWM LLC raised its position in shares of Moody’s by 24.4% in the first quarter. CWM LLC now owns 3,839 shares of the business services provider’s stock valued at $1,788,000 after purchasing an additional 752 shares during the period. MQS Management LLC acquired a new stake in shares of Moody’s during the 1st quarter worth about $228,000. Rice Hall James & Associates LLC boosted its holdings in shares of Moody’s by 9.9% during the 1st quarter. Rice Hall James & Associates LLC now owns 613 shares of the business services provider’s stock worth $285,000 after buying an additional 55 shares during the period. Finally, Signaturefd LLC raised its holdings in Moody’s by 3.2% in the 1st quarter. Signaturefd LLC now owns 4,609 shares of the business services provider’s stock valued at $2,146,000 after acquiring an additional 141 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,984 shares of company stock valued at $1,470,249 over the last quarter. Company insiders own 0.14% of the company’s stock.

Moody’s Price Performance

Shares of NYSE:MCO opened at $492.42 on Wednesday. The firm has a 50 day moving average of $487.37 and a 200-day moving average of $490.76. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $87.85 billion, a PE ratio of 39.58, a PEG ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm posted $3.21 earnings per share. The firm’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. On average, equities research analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MCO. Wells Fargo & Company boosted their price objective on Moody’s from $597.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. BMO Capital Markets decreased 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. Finally, Evercore ISI lifted their price objective on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and an average target price of $543.07.

Moody’s Company 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.