Fiduciary Family Office LLC Purchases Shares of 1,582 Moody's Corporation $MCO

Key Points

• Fiduciary Family Office LLC acquired 1,582 shares of Moody's Corporation valued at approximately $794,000 during Q2, as per their latest SEC filing.
• Moody's reported $3.56 earnings per share for the last quarter, surpassing analysts' estimates of $3.39, with a notable year-over-year revenue increase of 4.5%.
• Several analysts have recently raised their price targets for Moody's, with Wells Fargo increasing theirs to $597.00 and Barclays to $580.00, reflecting positive market sentiment.

Fiduciary Family Office LLC purchased a new stake 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 purchased 1,582 shares of the business services provider's stock, valued at approximately $794,000.

Several other large investors have also recently modified their holdings of the stock. Boston Trust Walden Corp increased its holdings in shares of Moody's by 0.3% in the second quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider's stock worth $3,712,000 after buying an additional 20 shares during the period. ORG Partners LLC increased its holdings in shares of Moody's by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider's stock worth $33,000 after buying an additional 22 shares during the period. McLean Asset Management Corp increased its holdings in shares of Moody's by 3.1% in the second quarter. McLean Asset Management Corp now owns 762 shares of the business services provider's stock worth $379,000 after buying an additional 23 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Moody's by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider's stock worth $40,000 after buying an additional 24 shares during the period. Finally, Accretive Wealth Partners LLC increased its holdings in shares of Moody's by 0.9% in the second quarter. Accretive Wealth Partners LLC now owns 2,753 shares of the business services provider's stock worth $1,381,000 after buying an additional 24 shares during the period. Hedge funds and other institutional investors own 92.11% of the company's stock.

Moody's Stock Up 0.8%

MCO stock opened at $474.80 on Tuesday. Moody's Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The business's 50 day moving average price is $496.30 and its two-hundred day moving average price is $483.62. 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 market capitalization of $84.99 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 2.88 and a beta of 1.41.

Moody's (NYSE:MCO - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business earned $3.28 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, analysts forecast that Moody's Corporation will post 13.95 earnings per share for the current fiscal year.

Moody's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were issued a dividend of $0.94 per share. The ex-dividend date was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. Moody's's dividend payout ratio is 31.95%.

Analyst Ratings Changes

MCO has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Moody's from $595.00 to $597.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Raymond James Financial upgraded Moody's from an "underperform" rating to a "market perform" rating in a report on Friday. Barclays boosted their price target on Moody's from $520.00 to $580.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Moody's from $570.00 to $580.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody's and gave the company a "buy" rating in a report on Wednesday, October 1st. One equities 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $542.87.

Insider Activity

In other Moody's news, SVP Richard G. Steele sold 1,457 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total transaction of $741,365.31. Following the transaction, the senior vice president owned 1,386 shares in the company, valued at approximately $705,238.38. This represents a 51.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. West sold 3,704 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 8,209 shares in the company, valued at $4,195,619.90. This trade represents a 31.09% 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 $4,802,876. Company insiders own 0.14% of the company's stock.

Moody's Company 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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