1832 Asset Management L.P. Has $27.62 Million Stock Position in Moody's Corporation $MCO

Key Points

• 1832 Asset Management L.P. increased its stake in Moody's Corporation by 39.3% during the first quarter, now holding 59,307 shares worth approximately $27.6 million.
• Moody's reported a quarterly earnings per share of $3.56, exceeding analysts' expectations, alongside a 4.5% year-over-year revenue increase to $1.90 billion.
• Moody's recently declared a quarterly dividend of $0.94 per share, with an annualized yield of 0.7% and a payout ratio of 31.95%.

1832 Asset Management L.P. boosted its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 39.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,307 shares of the business services provider's stock after buying an additional 16,744 shares during the quarter. 1832 Asset Management L.P.'s holdings in Moody's were worth $27,619,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC lifted its position in Moody's by 1,000.0% in the first quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock valued at $26,000 after purchasing an additional 50 shares during the period. Golden State Wealth Management LLC grew its stake in Moody's by 5,050.0% in the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after acquiring an additional 101 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Moody's during the 1st quarter valued at $49,000. Meeder Asset Management Inc. grew its stake in shares of Moody's by 132.6% during the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider's stock valued at $50,000 after buying an additional 61 shares during the period. Finally, Motco grew its stake in shares of Moody's by 581.3% during the 1st quarter. Motco now owns 109 shares of the business services provider's stock valued at $51,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 92.11% of the company's stock.

Insider Transactions at Moody's

In related news, CEO Robert Fauber sold 415 shares of Moody's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $521.45, for a total transaction of $216,401.75. Following the transaction, the chief executive officer owned 61,618 shares of the company's stock, valued at $32,130,706.10. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen T. Tulenko sold 2,120 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the sale, the insider directly owned 5,558 shares in the company, valued at $2,841,138.44. This trade represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,008 shares of company stock worth $4,599,385. Corporate insiders own 0.14% of the company's stock.

Moody's Trading Up 0.3%

Shares of NYSE:MCO traded up $1.76 during mid-day trading on Tuesday, hitting $511.76. The stock had a trading volume of 616,545 shares, compared to its average volume of 699,711. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $91.61 billion, a PE ratio of 43.48, a P/E/G ratio of 3.26 and a beta of 1.40. Moody's Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The company's 50 day moving average is $503.79 and its 200-day moving average is $480.14.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, topping the consensus estimate of $3.39 by $0.17. Moody's had a net margin of 29.18% and a return on equity of 60.73%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $3.28 EPS. Moody's's quarterly revenue was up 4.5% on a year-over-year basis. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. On average, sell-side analysts predict that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, August 15th. Moody's's dividend payout ratio (DPR) is presently 31.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $550.00 price objective on shares of Moody's in a report on Wednesday, June 4th. Robert W. Baird boosted their price objective on shares of Moody's from $525.00 to $552.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Oppenheimer boosted their price objective on shares of Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Barclays upped their target price on shares of Moody's from $520.00 to $580.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Mizuho increased their price objective on shares of Moody's from $496.00 to $532.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $538.80.

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.