Callan Family Office LLC Increases Stock Position in Moody's Corporation $MCO

Key Points

• Callan Family Office LLC significantly increased its position in Moody's Corporation by 265.6% during the 2nd quarter, owning 9,290 shares valued at $4.66 million.
• Insider selling was noted with CEO Robert Fauber and CFO Noemie Clemence Heuland both reducing their stakes, with total insider sales amounting to approximately $4.81 million over the last ninety days.
• Moody's stock price opened at $484.17, with analysts setting a moderate buy consensus and average price target of $542.79.

Callan Family Office LLC raised its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 265.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,290 shares of the business services provider's stock after purchasing an additional 6,749 shares during the period. Callan Family Office LLC's holdings in Moody's were worth $4,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MCO. Farther Finance Advisors LLC lifted its holdings in shares of Moody's by 12.1% in the first quarter. Farther Finance Advisors LLC now owns 1,780 shares of the business services provider's stock valued at $834,000 after purchasing an additional 192 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Moody's during the first quarter valued at approximately $1,413,000. GAMMA Investing LLC lifted its stake in shares of Moody's by 20.1% during the first quarter. GAMMA Investing LLC now owns 1,724 shares of the business services provider's stock valued at $803,000 after buying an additional 288 shares during the period. Simon Quick Advisors LLC lifted its stake in shares of Moody's by 51.0% during the first quarter. Simon Quick Advisors LLC now owns 921 shares of the business services provider's stock valued at $429,000 after buying an additional 311 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of Moody's by 21.7% during the first quarter. Fifth Third Bancorp now owns 34,845 shares of the business services provider's stock valued at $16,227,000 after buying an additional 6,202 shares during the period. Hedge funds and other institutional investors own 92.11% of the company's stock.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 415 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $512.65, for a total value of $212,749.75. Following the completion of the sale, the chief executive officer owned 61,350 shares of the company's stock, valued at $31,451,077.50. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Noemie Clemence Heuland sold 897 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total transaction of $455,891.28. Following the completion of the sale, the chief financial officer directly owned 2,148 shares of the company's stock, valued at $1,091,699.52. The trade was a 29.46% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,423 shares of company stock valued at $4,812,135. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MCO shares. Robert W. Baird upped their price objective on shares of Moody's from $525.00 to $552.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Barclays upped their price objective on shares of Moody's from $520.00 to $580.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of Moody's from $595.00 to $597.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. UBS Group upped their price objective on shares of Moody's from $445.00 to $515.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Moody's in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Moody's currently has an average rating of "Moderate Buy" and an average price target of $542.79.

Moody's Stock Performance

Shares of MCO stock opened at $484.17 on Friday. Moody's Corporation has a one year low of $378.71 and a one year 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 company has a 50 day moving average price of $501.29 and a 200 day moving average price of $482.49. The firm has a market capitalization of $86.67 billion, a price-to-earnings ratio of 41.14, a price-to-earnings-growth ratio of 3.05 and a beta of 1.41.

Moody's (NYSE:MCO - Get Free Report) last issued 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 firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $3.28 earnings per share. Moody's'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. Sell-side analysts anticipate that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.94 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. 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.

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