Kingsview Wealth Management LLC Sells 112 Shares of Moody’s Corporation $MCO

Kingsview Wealth Management LLC lessened its position in Moody’s Corporation (NYSE:MCO) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 776 shares of the business services provider’s stock after selling 112 shares during the period. Kingsview Wealth Management LLC’s holdings in Moody’s were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 valued at $6,899,490,000 after buying an additional 119,548 shares during the period. Geode Capital Management LLC increased its position in Moody’s by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after acquiring an additional 69,455 shares during the period. Fiera Capital Corp raised its stake in shares of Moody’s by 1.4% during the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after acquiring an additional 35,123 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in shares of Moody’s by 10.3% during the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock worth $1,159,185,000 after purchasing an additional 215,551 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Moody’s by 3.8% in the first 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 purchasing an additional 60,816 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,569 shares of company stock valued at $1,253,848 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Moody’s Trading Up 1.1%

NYSE:MCO opened at $479.91 on Friday. 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 $85.62 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.79 and a beta of 1.40. The firm has a fifty day simple moving average of $483.03 and a two-hundred day simple moving average of $491.63.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.22. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Analysts expect that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Mizuho lifted their target price on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. BMO Capital Markets lowered their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research report on Thursday, October 23rd. Wells Fargo & Company upped their target price on Moody’s from $597.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI raised their price target on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Seaport Res Ptn raised shares of Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. One 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 stock. Based on data from MarketBeat, Moody’s has an average rating of “Moderate Buy” and an average price target of $543.07.

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.