London & Capital Asset Management Ltd Decreases Stock Position in Moody’s Corporation $MCO

London & Capital Asset Management Ltd trimmed its position in shares of Moody’s Corporation (NYSE:MCO) by 61.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,804 shares of the business services provider’s stock after selling 26,945 shares during the quarter. London & Capital Asset Management Ltd’s holdings in Moody’s were worth $8,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management purchased a new position in shares of Moody’s during the 2nd quarter worth about $202,000. SVB Wealth LLC bought a new stake in Moody’s in the second quarter worth about $586,000. Crestmont Private Wealth LLC lifted its stake in Moody’s by 8.5% in the second quarter. Crestmont Private Wealth LLC now owns 1,394 shares of the business services provider’s stock worth $699,000 after purchasing an additional 109 shares during the last quarter. L2 Asset Management LLC boosted its position in shares of Moody’s by 5.1% during the second quarter. L2 Asset Management LLC now owns 681 shares of the business services provider’s stock valued at $342,000 after buying an additional 33 shares during the period. Finally, Natixis grew its stake in shares of Moody’s by 88.4% during the second quarter. Natixis now owns 55,091 shares of the business services provider’s stock valued at $27,633,000 after buying an additional 25,849 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

MCO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Raymond James Financial upgraded Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Mizuho lifted their target price on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Seaport Res Ptn raised shares of Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and a consensus target price of $543.07.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 2,569 shares of company stock valued at $1,253,848. 0.14% of the stock is currently owned by corporate insiders.

Moody’s Price Performance

Shares of MCO stock opened at $486.71 on Tuesday. Moody’s Corporation has a twelve month low of $378.71 and a twelve 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 fifty day simple moving average of $483.14 and a two-hundred day simple moving average of $492.51. The stock has a market capitalization of $86.83 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 2.80 and a beta of 1.45.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating the consensus estimate of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The business’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, 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 given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. Moody’s’s dividend payout ratio is presently 30.23%.

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.