Moody’s Corporation $MCO Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in shares of Moody’s Corporation (NYSE:MCO) by 7.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,901 shares of the business services provider’s stock after selling 1,140 shares during the period. Metis Global Partners LLC’s holdings in Moody’s were worth $6,973,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in shares of Moody’s during the first quarter worth $30,000. ORG Partners LLC lifted its holdings in Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Moody’s by 42.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after buying an additional 24 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new stake in shares of Moody’s during the second quarter valued at about $47,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Moody’s by 132.6% during the first quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Performance

Moody’s stock opened at $487.81 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The company has a fifty day moving average price of $487.99 and a two-hundred day moving average price of $489.24. The company 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 posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm posted $3.21 EPS. The company’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. Research analysts expect that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho boosted their price target on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Moody’s in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $528.00 price target on shares of Moody’s and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley set a $520.00 price target 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $543.07.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 2,984 shares of company stock worth $1,470,249. Insiders own 0.14% of the company’s stock.

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.