Andina Capital Management LLC Invests $567,000 in Moody's Corporation $MCO

Key Points

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Andina Capital Management LLC purchased a new position in shares of Moody's Corporation (NYSE:MCO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,217 shares of the business services provider's stock, valued at approximately $567,000.

Other large investors also recently modified their holdings of the company. Wolff Wiese Magana LLC increased its stake in shares of Moody's by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Moody's by 5,050.0% during the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after purchasing an additional 101 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Moody's during the 1st quarter worth approximately $49,000. Meeder Asset Management Inc. increased 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 worth $50,000 after purchasing an additional 61 shares during the last quarter. Finally, Motco increased 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 worth $51,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MCO shares. Morgan Stanley raised their price target on shares of Moody's from $493.00 to $498.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Mizuho raised their price objective on shares of Moody's from $496.00 to $532.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. UBS Group raised their price objective on shares of Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Oppenheimer raised their price objective on shares of Moody's from $552.00 to $563.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company raised their price objective on shares of Moody's from $573.00 to $595.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $538.80.

Insider Transactions at Moody's

In other news, CEO Robert Fauber sold 415 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $521.45, for a total value of $216,401.75. Following the transaction, the chief executive officer owned 61,618 shares of the company's stock, valued at approximately $32,130,706.10. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael L. West sold 3,704 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the completion of the transaction, the insider directly owned 8,209 shares in the company, valued at approximately $4,195,619.90. The trade was a 31.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,008 shares of company stock valued at $4,599,385. Corporate insiders own 0.14% of the company's stock.

Moody's Price Performance

NYSE MCO traded up $6.0230 on Friday, hitting $515.4930. The stock had a trading volume of 642,948 shares, compared to its average volume of 688,775. The company has a market capitalization of $92.27 billion, a price-to-earnings ratio of 43.80, a price-to-earnings-growth ratio of 3.26 and a beta of 1.40. Moody's Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. The firm has a 50-day moving average of $502.31 and a 200-day moving average of $480.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75.

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

Moody's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.76 annualized dividend and a dividend yield of 0.7%. Moody's's dividend payout ratio is presently 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.