Altarock Partners LP Boosts Stock Holdings in Moody’s Corporation $MCO

Altarock Partners LP grew its holdings in shares of Moody’s Corporation (NYSE:MCO) by 0.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 952,254 shares of the business services provider’s stock after acquiring an additional 1,349 shares during the quarter. Moody’s makes up 8.7% of Altarock Partners LP’s holdings, making the stock its 4th biggest holding. Altarock Partners LP’s holdings in Moody’s were worth $477,641,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MCO. Hsbc Holdings PLC raised its stake in shares of Moody’s by 11.9% in the first quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock valued at $244,817,000 after acquiring an additional 56,273 shares during the period. Fiera Capital Corp boosted its stake in shares of Moody’s by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock worth $1,291,568,000 after purchasing an additional 35,123 shares during the period. Nordea Investment Management AB grew its holdings in Moody’s by 19.6% during the 2nd quarter. Nordea Investment Management AB now owns 604,010 shares of the business services provider’s stock valued at $298,502,000 after purchasing an additional 98,951 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Moody’s in the 1st quarter worth about $714,000. Finally, Czech National Bank raised its position in Moody’s by 6.4% in the 2nd quarter. Czech National Bank now owns 37,817 shares of the business services provider’s stock worth $18,969,000 after purchasing an additional 2,262 shares during the period. Institutional investors own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In other Moody’s 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 transaction of $558,934.65. Following the transaction, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. This represents a 1.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 2,569 shares of company stock worth $1,253,848. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MCO. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $550.00 price target on shares of Moody’s in a research note on Thursday, October 9th. Wall Street Zen cut Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Stifel Nicolaus reduced their target price on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Finally, Mizuho lifted their target price on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $543.07.

Moody’s Stock Up 0.2%

Shares of NYSE:MCO opened at $486.48 on Friday. The business’s 50 day moving average is $483.44 and its 200 day moving average is $492.60. The stock has a market cap of $86.79 billion, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 2.74 and a beta of 1.45. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. 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 earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company posted $3.21 EPS. Moody’s’s 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. Sell-side analysts predict that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were paid a $0.94 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. Moody’s’s dividend payout ratio is 30.23%.

Moody’s 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.