Waterway Wealth Management LLC Invests $1.35 Million in Moody’s Corporation $MCO

Waterway Wealth Management LLC purchased a new position in shares of Moody’s Corporation (NYSE:MCO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,093 shares of the business services provider’s stock, valued at approximately $1,349,000.

Other hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Moody’s in the second quarter worth approximately $25,000. Birchwood Financial Partners Inc. purchased a new position in Moody’s during the 4th quarter valued at $26,000. Caitlin John LLC purchased a new position in Moody’s during the 3rd quarter valued at $27,000. Nalls Sherbakoff Group LLC bought a new position in Moody’s in the 4th quarter valued at $27,000. Finally, Ares Financial Consulting LLC bought a new position in Moody’s in the 4th quarter valued at $29,000. 92.11% of the stock is currently owned by institutional investors.

Moody’s Price Performance

Shares of MCO stock opened at $438.43 on Friday. Moody’s Corporation has a twelve month low of $402.28 and a twelve month high of $546.88. The stock has a market capitalization of $76.59 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.42 and a beta of 1.35. The stock has a fifty day simple moving average of $450.83 and a two-hundred day simple moving average of $466.83. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.03.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $4.22 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. Moody’s had a return on equity of 70.97% and a net margin of 31.69%.The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.83 earnings per share. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, analysts predict that Moody’s Corporation will post 16.69 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, May 15th. Moody’s’s dividend payout ratio is presently 29.53%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. BMO Capital Markets restated a “market perform” rating on shares of Moody’s in a report on Tuesday, May 26th. Wolfe Research reaffirmed an “outperform” rating and issued a $535.00 price target on shares of Moody’s in a research note on Thursday, April 23rd. Bank of America reiterated a “buy” rating and set a $565.00 price objective on shares of Moody’s in a report on Wednesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 7th. 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $541.83.

Insider Transactions at Moody’s

In other news, SVP Richard G. Steele sold 158 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the sale, the senior vice president owned 1,985 shares in the company, valued at approximately $900,534.95. The trade was a 7.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $466.39, for a total transaction of $684,194.13. Following the completion of the sale, the chief executive officer directly owned 75,189 shares of the company’s stock, valued at $35,067,397.71. The trade was a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,717 shares of company stock worth $2,137,306 in the last three months. Insiders own 0.14% of the company’s stock.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.