Dohj LLC Acquires New Position in Moody's Corporation $MCO

Key Points

• Dohj LLC has acquired a new position in Moody's Corporation, purchasing 682 shares valued at approximately $342,000 during the second quarter.
• Moody's reported a $3.56 EPS for the last quarter, exceeding expectations and showing a 4.5% increase in revenue year-over-year.
• Analysts have generally positive ratings for Moody's, with a consensus rating of "Moderate Buy" and an average target price of $541.21.

Dohj LLC bought a new position in shares of Moody's Corporation (NYSE:MCO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 682 shares of the business services provider's stock, valued at approximately $342,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ORG Partners LLC raised its stake in Moody's by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider's stock valued at $33,000 after purchasing an additional 22 shares in the last quarter. McLean Asset Management Corp lifted its holdings in shares of Moody's by 3.1% during the 2nd quarter. McLean Asset Management Corp now owns 762 shares of the business services provider's stock worth $379,000 after acquiring an additional 23 shares during the period. Central Pacific Bank Trust Division raised its position in Moody's by 42.9% during the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider's stock valued at $40,000 after purchasing an additional 24 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Moody's by 2.1% during 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 last quarter. Finally, Catalyst Financial Partners LLC boosted its stake in Moody's by 5.8% in the first 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 in the last quarter. 92.11% of the stock is owned by institutional investors.

Moody's Stock Performance

Shares of MCO opened at $488.24 on Wednesday. The stock has a 50-day moving average of $502.56 and a 200-day moving average of $482.23. 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 current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $87.40 billion, a PE ratio of 41.48, a P/E/G ratio of 2.99 and a beta of 1.41.

Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 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 the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $3.28 earnings per share. The company's quarterly revenue was up 4.5% on a year-over-year basis. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. On average, equities research analysts predict that Moody's Corporation will post 13.95 EPS for the current fiscal year.

Moody's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors 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 yield of 0.8%. Moody's's dividend payout ratio (DPR) is presently 31.95%.

Analyst Ratings Changes

A number of analysts have weighed in on MCO shares. Robert W. Baird raised their target price on shares of Moody's from $525.00 to $552.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. UBS Group upped their target price on Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Barclays lifted their price target on Moody's from $520.00 to $580.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Oppenheimer raised their price objective on shares of Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 price objective on shares of Moody's and gave the stock a "buy" rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $541.21.

Insider Buying and Selling at Moody's

In other Moody's news, insider Stephen T. Tulenko sold 2,120 shares of Moody's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $511.18, for a total value of $1,083,701.60. Following the sale, the insider owned 5,558 shares of the company's stock, valued at approximately $2,841,138.44. The trade was a 27.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Noemie Clemence Heuland sold 897 shares of the company's 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 transaction, the chief financial officer directly owned 2,148 shares in the company, valued at approximately $1,091,699.52. The trade was a 29.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,423 shares of company stock worth $4,812,135. 0.14% of the stock is currently owned by corporate insiders.

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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