Bluedoor Private Wealth LLC acquired a new position in shares of Moody’s Corporation (NYSE:MCO – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,231 shares of the business services provider’s stock, valued at approximately $1,140,000.
Other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Moody’s during the second quarter worth approximately $25,000. Caitlin John LLC bought a new stake in shares of Moody’s during the third quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new stake in shares of Moody’s during the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Moody’s during the third quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of Moody’s during the third quarter worth approximately $32,000. Institutional investors own 92.11% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MCO. The Goldman Sachs Group set a $531.00 price objective on Moody’s in a report on Wednesday, February 18th. Morgan Stanley dropped their price target on shares of Moody’s from $526.00 to $489.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 7th. UBS Group dropped their price target on shares of Moody’s from $515.00 to $490.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Moody’s from $600.00 to $560.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, Barclays dropped their price target on shares of Moody’s from $580.00 to $550.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $544.29.
Insider Buying and Selling at Moody’s
In other news, SVP Richard G. Steele sold 158 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares in the company, valued at approximately $900,534.95. This represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $466.39, for a total transaction of $684,194.13. Following the transaction, the chief executive officer owned 75,189 shares of the company’s stock, valued at $35,067,397.71. This trade represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,717 shares of company stock valued at $2,137,306 over the last quarter. Company insiders own 0.14% of the company’s stock.
Moody’s Stock Up 1.4%
Shares of NYSE:MCO opened at $454.16 on Tuesday. The company has a fifty day moving average of $448.95 and a 200-day moving average of $469.01. The company has a market capitalization of $79.34 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.35. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16. Moody’s Corporation has a 52-week low of $402.28 and a 52-week high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.83 earnings per share. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, equities analysts predict that Moody’s Corporation will post 16.69 EPS for the current fiscal year.
Moody’s Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 0.9%. Moody’s’s dividend payout ratio is 29.53%.
Moody’s 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.
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