571 Shares in Moody's Corporation $MCO Purchased by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors LLC has purchased 571 shares of Moody's Corporation, valued at approximately $287,000, in the second quarter.
• Insider trading activity revealed that CEO Robert Fauber sold 415 shares at $512.65, while another insider sold 3,704 shares at an average price of $511.10, indicating notable insider movement.
• Moody's reported a strong quarterly performance with an EPS of $3.56, surpassing analyst expectations, and has set its FY 2025 guidance at 13.500-14.000 EPS.

Sax Wealth Advisors LLC purchased a new position in Moody's Corporation (NYSE:MCO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 571 shares of the business services provider's stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCO. ORG Partners LLC grew its stake in Moody's by 50.0% during the second 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 in the last quarter. McLean Asset Management Corp grew its stake in shares of Moody's by 3.1% in the 2nd quarter. McLean Asset Management Corp now owns 762 shares of the business services provider's stock worth $379,000 after buying an additional 23 shares in the last quarter. Central Pacific Bank Trust Division grew its stake 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 buying an additional 24 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Moody's by 2.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,205 shares of the business services provider's stock worth $561,000 after buying an additional 25 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in shares of Moody's by 5.8% in the 1st quarter. Catalyst Financial Partners LLC now owns 477 shares of the business services provider's stock worth $222,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.

Insider Activity at Moody's

In related news, CEO Robert Fauber sold 415 shares of Moody's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $512.65, for a total transaction of $212,749.75. Following the completion of the sale, the chief executive officer owned 61,350 shares in the company, valued at $31,451,077.50. This trade represents a 0.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael L. West sold 3,704 shares of Moody's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the sale, the insider owned 8,209 shares of the company's stock, valued at $4,195,619.90. The trade was a 31.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,423 shares of company stock worth $4,812,135 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Moody's Price Performance

MCO stock opened at $491.77 on Friday. Moody's Corporation has a 12 month low of $378.71 and a 12 month high of $531.93. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $501.63 and a 200 day moving average price of $482.44. The stock has a market cap of $88.03 billion, a PE ratio of 41.78, a P/E/G ratio of 3.03 and a beta of 1.41.

Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, topping analysts' consensus estimates of $3.39 by $0.17. Moody's had a net margin of 29.18% and a return on equity of 60.73%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the company earned $3.28 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. Equities research analysts anticipate that Moody's Corporation will post 13.95 earnings per share for the current year.

Moody's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a dividend of $0.94 per share. The ex-dividend date was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. Moody's's dividend payout ratio (DPR) is presently 31.95%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Seaport Res Ptn raised shares of Moody's to a "strong-buy" rating in a research note on Wednesday, October 1st. Mizuho lifted their price objective on shares of Moody's from $496.00 to $532.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. UBS Group lifted their price objective on shares of Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on shares of Moody's from $595.00 to $597.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Finally, Oppenheimer lifted their price objective on shares of Moody's from $552.00 to $563.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Moody's has a consensus rating of "Moderate Buy" and an average target price of $542.79.

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.

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