Summitry LLC Acquires 1,531 Shares of Moody’s Corporation $MCO

Summitry LLC boosted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,771 shares of the business services provider’s stock after buying an additional 1,531 shares during the quarter. Moody’s makes up approximately 1.7% of Summitry LLC’s investment portfolio, making the stock its 24th largest position. Summitry LLC’s holdings in Moody’s were worth $38,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MCO. Saudi Central Bank acquired a new position in shares of Moody’s during the 1st quarter worth approximately $30,000. ORG Partners LLC boosted its position in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after purchasing an additional 22 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Moody’s by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 24 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Moody’s in the second quarter valued at about $47,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Moody’s by 132.6% during the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock worth $50,000 after buying an additional 61 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Mizuho increased their target price on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Stifel Nicolaus dropped their price target on Moody’s from $526.00 to $471.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a report on Friday, October 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $543.07.

Moody’s Price Performance

Shares of NYSE:MCO opened at $478.95 on Friday. The firm has a 50 day moving average of $486.68 and a 200-day moving average of $491.33. 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 $85.44 billion, a PE ratio of 38.50, a PEG ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business posted $3.21 EPS. The firm’s revenue for the quarter 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, 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%.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of the firm’s 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 approximately $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 2,569 shares of company stock worth $1,253,848. 0.14% of the stock is owned by corporate insiders.

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.