Cresset Asset Management LLC Grows Position in Moody’s Corporation $MCO

Cresset Asset Management LLC grew its stake in shares of Moody’s Corporation (NYSE:MCO) by 46.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,377 shares of the business services provider’s stock after purchasing an additional 1,715 shares during the period. Cresset Asset Management LLC’s holdings in Moody’s were worth $2,697,000 at the end of the most recent reporting period.

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

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 stock was 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 represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 2,569 shares of company stock valued at $1,253,848 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Moody’s Price Performance

Moody’s stock opened at $486.71 on Tuesday. The stock has a market capitalization of $86.83 billion, a P/E ratio of 39.12, a P/E/G ratio of 2.80 and a beta of 1.45. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. 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’s 50-day moving average is $483.14 and its two-hundred day moving average is $492.51.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm posted $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. Equities analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody’s’s payout ratio is currently 30.23%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCO. Seaport Res Ptn raised Moody’s to a “strong-buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus decreased their price objective on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $550.00 price target on shares of Moody’s in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to 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.