CreativeOne Wealth LLC Sells 572 Shares of Moody's Corporation $MCO

Key Points

• CreativeOne Wealth LLC has reduced its position in Moody's Corporation by 8.7%, selling 572 shares and leaving it with a total of 6,007 shares valued at approximately $2.8 million.
• An insider, Michael L. West, and CFO Noemie Clemence Heuland both sold a significant number of shares on July 29, with sales amounting to a total of $2.35 million, reflecting a notable decrease in their holdings.
• Analysts have raised their price targets for Moody's Corporation from previous values, with the consensus price target now set at $538.80 and an overall rating of "Moderate Buy."

CreativeOne Wealth LLC reduced its position in Moody's Corporation (NYSE:MCO - Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,007 shares of the business services provider's stock after selling 572 shares during the period. CreativeOne Wealth LLC's holdings in Moody's were worth $2,798,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Moody's by 0.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock worth $1,690,000 after purchasing an additional 20 shares in the last quarter. Cornerstone Advisory LLC raised its position 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 valued at $598,000 after buying an additional 25 shares during the last quarter. Aaron Wealth Advisors LLC raised its position 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 valued at $561,000 after buying an additional 25 shares during the last quarter. Catalyst Financial Partners LLC raised its position 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 valued at $222,000 after buying an additional 26 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in Moody's by 5.7% in the 1st quarter. Harbour Investments Inc. now owns 482 shares of the business services provider's stock valued at $225,000 after buying an additional 26 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Michael L. West sold 3,704 shares of Moody's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total value of $1,893,114.40. Following the completion of the sale, the insider owned 8,209 shares of the company's stock, valued at approximately $4,195,619.90. This trade represents a 31.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Noemie Clemence Heuland sold 897 shares of Moody'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 sale, 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. Insiders have sold a total of 9,008 shares of company stock worth $4,599,385 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MCO has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Moody's from $525.00 to $552.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Wells Fargo & Company increased their price target on Moody's from $573.00 to $595.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Oppenheimer increased their price target on Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Mizuho increased their price target on Moody's from $496.00 to $532.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, BMO Capital Markets increased their price target 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. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Moody's presently has an average rating of "Moderate Buy" and a consensus price target of $538.80.

Moody's Trading Down 0.2%

Shares of Moody's stock opened at $510.33 on Thursday. Moody's Corporation has a 1 year low of $378.71 and a 1 year high of $531.93. The firm has a market cap of $91.35 billion, a PE ratio of 43.36, a P/E/G ratio of 3.27 and a beta of 1.40. The stock has a fifty day moving average price of $504.58 and a 200-day moving average price of $480.35. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75.

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. Moody's had a return on equity of 60.73% and a net margin of 29.18%.The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $3.28 EPS. The business's revenue 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. Equities research analysts anticipate that Moody's Corporation will post 13.95 EPS for the current year.

Moody's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 yield of 0.7%. Moody's's dividend payout ratio (DPR) is 31.95%.

Moody's 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.

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