Moody’s Corporation $MCO is Ycg LLC’s 3rd Largest Position

Ycg LLC raised its holdings in shares of Moody’s Corporation (NYSE:MCO) by 3.8% during the third quarter, Holdings Channel.com reports. The fund owned 184,431 shares of the business services provider’s stock after buying an additional 6,768 shares during the period. Moody’s accounts for approximately 6.6% of Ycg LLC’s portfolio, making the stock its 3rd largest position. Ycg LLC’s holdings in Moody’s were worth $87,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rexford Capital Inc. purchased a new stake in shares of Moody’s during the second quarter worth about $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Moody’s during the 2nd quarter valued at approximately $25,000. Johnson Financial Group Inc. bought a new stake in shares of Moody’s during the second quarter valued at approximately $28,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Moody’s in the third quarter worth $31,000. Finally, ORG Partners LLC boosted its position in shares of Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $29,255,223.90. This represents a 1.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 1,739 shares of company stock worth $841,445. Corporate insiders own 0.14% of the company’s stock.

Moody’s Price Performance

NYSE:MCO opened at $539.37 on Friday. The firm has a market capitalization of $96.22 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 2.50 and a beta of 1.45. 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 business has a 50 day simple moving average of $501.28 and a 200-day simple moving average of $498.97. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $546.88.

Moody’s (NYSE:MCO) last released its quarterly earnings results 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.Moody’s’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 EPS. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.7%. Moody’s’s payout ratio is currently 30.23%.

Wall Street Analyst Weigh In

Several analysts have commented on MCO shares. BMO Capital Markets decreased their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. The Goldman Sachs Group raised Moody’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $524.00 to $570.00 in a report on Tuesday, December 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a research report on Thursday, October 9th. Raymond James Financial upgraded Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. Finally, Wells Fargo & Company upped their price objective on Moody’s from $620.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and a consensus target price of $560.94.

Moody’s Company Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.