AlTi Global Inc. Reduces Holdings in Moody's Corporation $MCO

Key Points

• AlTi Global Inc. reduced its stake in Moody's Corporation by 25.3%, selling 628 shares to hold a total of 1,857 shares valued at approximately $865,000.
• Moody's reported $3.56 earnings per share for the last quarter, exceeding analysts' expectations and marking a 4.5% revenue increase compared to the same quarter last year.
• Insider transactions included a significant sale by CFO Noemie Clemence Heuland, who sold 897 shares, representing a 29.46% decrease in her holdings.

AlTi Global Inc. cut its stake in shares of Moody's Corporation (NYSE:MCO - Free Report) by 25.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,857 shares of the business services provider's stock after selling 628 shares during the quarter. AlTi Global Inc.'s holdings in Moody's were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its holdings in Moody's by 0.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock valued at $1,690,000 after acquiring an additional 20 shares during the period. Cornerstone Advisory LLC lifted its holdings in Moody's by 2.2% in the 4th quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock worth $598,000 after buying an additional 25 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in 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 during the period. Catalyst Financial Partners LLC lifted its holdings in 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 during the period. Finally, Harbour Investments Inc. lifted its holdings in Moody's by 5.7% in the 1st quarter. Harbour Investments Inc. now owns 482 shares of the business services provider's stock worth $225,000 after buying an additional 26 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Moody's

In other news, insider Stephen T. Tulenko sold 2,120 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total value of $1,083,701.60. Following the completion of the transaction, the insider owned 5,558 shares of the company's stock, valued at $2,841,138.44. This represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Noemie Clemence Heuland sold 897 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the transaction, the chief financial officer directly owned 2,148 shares of the company's stock, valued at approximately $1,091,699.52. This trade represents a 29.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,008 shares of company stock valued at $4,599,385. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MCO shares. UBS Group raised their price objective on Moody's from $445.00 to $515.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Oppenheimer upped their price objective on Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price objective on Moody's from $509.00 to $534.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Morgan Stanley upped their price objective on Moody's from $493.00 to $498.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, Robert W. Baird upped 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Moody's has a consensus rating of "Moderate Buy" and a consensus price target of $540.57.

Moody's Stock Performance

NYSE:MCO opened at $495.91 on Thursday. The stock has a 50-day simple moving average of $507.31 and a two-hundred day simple moving average of $480.01. Moody's Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. 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 firm has a market capitalization of $88.77 billion, a PE ratio of 42.13, a P/E/G ratio of 3.26 and a beta of 1.42.

Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping analysts' consensus estimates of $3.39 by $0.17. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.82 billion. Moody's had a return on equity of 60.73% and a net margin of 29.18%.The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.28 earnings per share. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. Analysts forecast 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 will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody's's dividend payout ratio is 31.95%.

About Moody's

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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