SVB Wealth LLC Buys Shares of 1,169 Moody’s Corporation $MCO

SVB Wealth LLC purchased a new stake in Moody’s Corporation (NYSE:MCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,169 shares of the business services provider’s stock, valued at approximately $586,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Moody’s during the 1st quarter worth approximately $91,000. Townsquare Capital LLC raised its holdings in Moody’s by 31.0% during the first quarter. Townsquare Capital LLC now owns 3,184 shares of the business services provider’s stock worth $1,483,000 after buying an additional 753 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Moody’s by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 1,293,936 shares of the business services provider’s stock valued at $602,573,000 after buying an additional 14,557 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Moody’s by 11.9% during the first quarter. Benjamin Edwards Inc. now owns 4,017 shares of the business services provider’s stock worth $1,871,000 after acquiring an additional 428 shares in the last quarter. Finally, SouthState Corp raised its holdings in shares of Moody’s by 37.3% in the 1st quarter. SouthState Corp now owns 442 shares of the business services provider’s stock worth $206,000 after acquiring an additional 120 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Moody’s Trading Down 0.1%

Shares of NYSE:MCO opened at $486.55 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $86.80 billion, a P/E ratio of 39.11, a P/E/G ratio of 2.75 and a beta of 1.45. The business’s 50-day moving average is $483.34 and its 200 day moving average is $492.62. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $531.93.

Moody’s (NYSE:MCO) last announced its quarterly earnings data 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. The firm had revenue of $2.01 billion during 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%. Moody’s’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, research analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The firm 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. This represents a $3.76 annualized dividend and a 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%.

Wall Street Analyst Weigh In

MCO has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 price objective on shares of Moody’s in a research note on Thursday, October 9th. BMO Capital Markets decreased their price target 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. Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. lowered their price target on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Finally, Stifel Nicolaus decreased their target price on Moody’s from $526.00 to $471.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently 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 company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $478.95, for a total value of $558,934.65. Following the sale, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 2,569 shares of company stock worth $1,253,848. Company 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.