Syntegra Private Wealth Group LLC Grows Stock Position in Moody’s Corporation $MCO

Syntegra Private Wealth Group LLC boosted its stake in shares of Moody’s Corporation (NYSE:MCO) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,987 shares of the business services provider’s stock after acquiring an additional 77 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Moody’s were worth $3,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Moody’s by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock worth $6,899,490,000 after purchasing an additional 119,548 shares during the last quarter. PineStone Asset Management Inc. boosted its position in Moody’s by 10.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after buying an additional 215,551 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Moody’s by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,651,495 shares of the business services provider’s stock worth $769,085,000 after acquiring an additional 60,816 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Moody’s by 9.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock valued at $738,897,000 after acquiring an additional 140,128 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Moody’s by 21.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after acquiring an additional 265,389 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCO has been the topic of several recent analyst reports. Oppenheimer raised their target price on Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on Moody’s from $570.00 to $580.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Morgan Stanley set a $520.00 target price on Moody’s in a report on Thursday, October 9th. Wells Fargo & Company lifted their price target on shares of Moody’s from $595.00 to $597.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $550.00 price objective on shares of Moody’s in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and an average price target of $542.87.

Moody’s Stock Up 0.8%

NYSE:MCO opened at $474.80 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75. The firm’s 50-day moving average price is $496.30 and its 200-day moving average price is $483.62. The company has a market capitalization of $84.99 billion, a PE ratio of 40.34, a P/E/G ratio of 2.88 and a beta of 1.41. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $531.93.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.17. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. Moody’s’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $3.28 EPS. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. On average, equities analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.94 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. Moody’s’s dividend payout ratio is presently 31.95%.

Insider Activity at Moody’s

In other Moody’s news, insider Michael L. West sold 3,704 shares of Moody’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the completion of the transaction, the insider owned 8,209 shares in the company, valued at approximately $4,195,619.90. The trade was a 31.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $481.09, for a total value of $199,652.35. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $29,385,939.38. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock worth $4,802,876 over the last quarter. 0.14% of the stock is currently owned by company insiders.

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.