Allstate Corp Has $804,000 Holdings in Moody's Corporation $MCO

Key Points

• Allstate Corp has reduced its stake in Moody's Corporation by 64.6%, from owning 4,879 shares to 1,727 shares, during the first quarter.
• Several institutional investors, including Horizon Financial Services LLC and Hsbc Holdings PLC, increased their stakes in Moody's, reflecting growing confidence in the company.
• Moody’s reported earnings of $3.56 per share for the last quarter, exceeding analyst expectations, and set its FY 2025 EPS guidance in the range of 13.500-14.000.

Allstate Corp lessened its stake in Moody's Corporation (NYSE:MCO - Free Report) by 64.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,727 shares of the business services provider's stock after selling 3,152 shares during the period. Allstate Corp's holdings in Moody's were worth $804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its holdings in Moody's by 16.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 73,335 shares of the business services provider's stock worth $34,715,000 after purchasing an additional 10,350 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Moody's by 5.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,241 shares of the business services provider's stock valued at $587,000 after purchasing an additional 65 shares during the period. Nebula Research & Development LLC raised its stake in shares of Moody's by 26.9% in the 4th quarter. Nebula Research & Development LLC now owns 595 shares of the business services provider's stock worth $282,000 after buying an additional 126 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Moody's by 2.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,953 shares of the business services provider's stock valued at $1,398,000 after buying an additional 59 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Moody's in the fourth quarter valued at $9,387,000. 92.11% of the stock is currently owned by institutional investors.

Moody's Trading Up 0.0%

Moody's stock traded up $0.06 during midday trading on Friday, reaching $509.49. The stock had a trading volume of 160,991 shares, compared to its average volume of 778,304. Moody's Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $91.20 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.26 and a beta of 1.40. The firm's fifty day simple moving average is $505.37 and its two-hundred day simple moving average is $480.39.

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

Moody's Dividend Announcement

The firm 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 dividend of $0.94 per share. The ex-dividend date is Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.7%. Moody's's dividend payout ratio (DPR) is presently 31.95%.

Insider Activity at Moody's

In related news, CEO Robert Fauber sold 415 shares of the business'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 directly owned 61,618 shares of the company's stock, valued at approximately $32,130,706.10. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the completion of the transaction, the insider owned 5,558 shares in the company, valued at approximately $2,841,138.44. This represents a 27.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,008 shares of company stock worth $4,599,385. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MCO shares. BMO Capital Markets boosted their price target on shares of Moody's from $509.00 to $534.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Moody's from $495.00 to $565.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Mizuho increased their target price on shares of Moody's from $496.00 to $532.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays lifted their price target 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, Robert W. Baird increased their price objective on Moody's from $525.00 to $552.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Ten 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $538.80.

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.