Arrowstreet Capital Limited Partnership Sells 69,532 Shares of Moody’s Corporation $MCO

Arrowstreet Capital Limited Partnership cut its position in Moody’s Corporation (NYSE:MCO) by 27.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 185,665 shares of the business services provider’s stock after selling 69,532 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Moody’s were worth $93,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MCO. Boston Trust Walden Corp grew its position in Moody’s by 0.3% in the 2nd quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after purchasing an additional 20 shares during the last quarter. VestGen Advisors LLC grew its position in Moody’s by 2.0% during the second quarter. VestGen Advisors LLC now owns 1,097 shares of the business services provider’s stock worth $550,000 after buying an additional 21 shares in the last quarter. ORG Partners LLC increased its stake in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares during the period. McLean Asset Management Corp raised its holdings in Moody’s by 3.1% in the 2nd quarter. McLean Asset Management Corp now owns 762 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 23 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of 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 worth $40,000 after acquiring an additional 24 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Trading Up 0.8%

Shares of Moody’s stock opened at $491.78 on Thursday. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The stock has a market capitalization of $87.73 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 2.75 and a beta of 1.45. The company has a 50-day simple moving average of $482.30 and a 200 day simple moving average of $492.22. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. 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 fiscal year.

Moody’s Dividend Announcement

The firm 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 dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. Moody’s’s dividend payout ratio (DPR) is currently 30.23%.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 2,569 shares of company stock valued at $1,253,848. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial upgraded Moody’s from an “underperform” rating to a “market perform” rating in a research report on Friday, October 17th. Evercore ISI boosted their price target on shares of Moody’s from $531.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Mizuho raised their price objective on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $543.07.

Moody’s Company 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.