Edgestream Partners L.P. Buys 1,108 Shares of Moody’s Corporation $MCO

Edgestream Partners L.P. lifted its stake in shares of Moody’s Corporation (NYSE:MCO) by 19.3% during the second quarter, HoldingsChannel reports. The firm owned 6,850 shares of the business services provider’s stock after acquiring an additional 1,108 shares during the quarter. Edgestream Partners L.P.’s holdings in Moody’s were worth $3,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MCO. Norges Bank bought a new stake in Moody’s during the second quarter worth $987,524,000. Nuveen LLC acquired a new position in shares of Moody’s during the 1st quarter worth about $328,595,000. Generation Investment Management LLP bought a new stake in shares of Moody’s in the 2nd quarter valued at about $135,968,000. Goldman Sachs Group Inc. raised its holdings in shares of Moody’s by 21.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after purchasing an additional 265,389 shares during the period. Finally, PineStone Asset Management Inc. grew its holdings in 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. 92.11% of the stock is owned by institutional investors.

Insider Activity at Moody’s

In other news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction that occurred on Monday, November 3rd. The shares were 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 directly owned 61,082 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 2,569 shares of company stock worth $1,253,848 over the last quarter. 0.14% of the stock is currently owned by company insiders.

Moody’s Stock Performance

Shares of NYSE MCO opened at $491.78 on Thursday. 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 cap of $87.73 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 2.75 and a beta of 1.45. The stock’s fifty day moving average price is $482.30 and its two-hundred day moving average price is $492.22. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. Moody’s’s quarterly revenue 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, equities analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on MCO shares. Morgan Stanley set a $520.00 price objective on Moody’s in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. Evercore ISI raised their price target on Moody’s from $531.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. BMO Capital Markets reduced their price objective on shares of 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. Finally, Mizuho increased their price objective on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.