Connecticut Wealth Management LLC Has $8.59 Million Holdings in Moody's Corporation $MCO

Key Points

• Connecticut Wealth Management LLC increased its Moody’s stake by 18.3% in the fourth quarter, adding 2,606 shares to bring its total to 16,810 shares worth about $8.59 million.
• Moody’s also saw insider selling: CEO Robert Fauber and SVP Richard G. Steele both sold shares in pre-arranged Rule 10b5-1 transactions, with insiders selling 4,717 shares total over the last 90 days.
• The company recently reported better-than-expected earnings of $4.33 per share on $2.08 billion in revenue, and it paid a quarterly dividend of $1.03 per share. Analysts currently rate the stock a Moderate Buy with an average price target of $544.29.

Connecticut Wealth Management LLC lifted its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 18.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,810 shares of the business services provider's stock after acquiring an additional 2,606 shares during the quarter. Connecticut Wealth Management LLC's holdings in Moody's were worth $8,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cromwell Holdings LLC lifted its stake in Moody's by 5.8% in the fourth quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider's stock worth $185,000 after purchasing an additional 20 shares during the last quarter. DeDora Capital Inc. lifted its stake in Moody's by 1.5% in the fourth quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider's stock worth $672,000 after purchasing an additional 20 shares during the last quarter. Carnegie Investment Counsel lifted its stake in Moody's by 1.9% in the fourth quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider's stock worth $552,000 after purchasing an additional 20 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in Moody's by 2.7% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider's stock worth $385,000 after purchasing an additional 20 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Moody's by 0.4% in the third quarter. Quadrant Capital Group LLC now owns 4,899 shares of the business services provider's stock worth $2,334,000 after purchasing an additional 21 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Moody's

In other news, SVP Richard G. Steele sold 158 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $71,679.86. Following the sale, the senior vice president owned 1,985 shares in the company, valued at $900,534.95. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $665,533.89. Following the sale, the chief executive officer owned 52,564 shares in the company, valued at approximately $23,846,709.88. The trade was a 2.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 4,717 shares of company stock worth $2,137,306. 0.14% of the stock is owned by insiders.

Moody's Price Performance

Shares of NYSE MCO opened at $441.75 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.16 and a quick ratio of 1.16. Moody's Corporation has a 1 year low of $402.28 and a 1 year high of $546.88. The stock has a market capitalization of $77.17 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.43 and a beta of 1.35. The company's 50-day moving average is $448.51 and its 200 day moving average is $469.45.

Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.11 billion. Moody's had a return on equity of 70.97% and a net margin of 31.69%.The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.83 earnings per share. Moody's has set its FY 2026 guidance at 16.400-17.000 EPS. On average, sell-side analysts expect that Moody's Corporation will post 16.69 earnings per share for the current year.

Moody's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 15th. Moody's's dividend payout ratio is presently 29.53%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. The Goldman Sachs Group set a $531.00 price target on shares of Moody's in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of Moody's from $600.00 to $560.00 and set an "overweight" rating for the company in a research note on Thursday, February 19th. Wolfe Research reissued an "outperform" rating and issued a $535.00 price target on shares of Moody's in a research note on Thursday, April 23rd. Stifel Nicolaus lowered their price target on shares of Moody's from $574.00 to $540.00 and set a "buy" rating for the company in a research note on Thursday, February 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Moody's from $560.00 to $590.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $544.29.

Moody's Profile

Moody's Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody's is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody's operates primarily through two complementary businesses.

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