Moody's Corporation $MCO Position Decreased by Fiduciary Alliance LLC

Key Points

• Fiduciary Alliance LLC reduced its holdings in Moody's Corporation by 10.2%, now owning 13,345 shares worth approximately $6.69 million.
• Moody's reported a quarterly EPS of $3.56, exceeding analysts' expectations, and projected a FY 2025 EPS guidance range of 13.500-14.000.
• Moody's declared a quarterly dividend of $0.94 per share, resulting in an annualized dividend yield of 0.7% and a payout ratio of 31.95%.

Fiduciary Alliance LLC lowered its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,345 shares of the business services provider's stock after selling 1,508 shares during the period. Fiduciary Alliance LLC's holdings in Moody's were worth $6,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. raised its position in Moody's by 0.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,571 shares of the business services provider's stock valued at $1,690,000 after acquiring an additional 20 shares in the last quarter. McLean Asset Management Corp grew its position in 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 acquiring an additional 23 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Moody's by 42.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider's stock worth $40,000 after purchasing an additional 24 shares during the last quarter. Cornerstone Advisory LLC raised its holdings in shares of Moody's by 2.2% during the 4th quarter. Cornerstone Advisory LLC now owns 1,143 shares of the business services provider's stock valued at $598,000 after purchasing an additional 25 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Moody's by 2.1% in the first 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. 92.11% of the stock is owned by institutional investors and hedge funds.

Moody's Trading Down 0.7%

Shares of Moody's stock opened at $508.70 on Tuesday. Moody's Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The stock has a market capitalization of $91.06 billion, a P/E ratio of 43.22, a price-to-earnings-growth ratio of 3.28 and a beta of 1.42. The company has a 50-day simple moving average of $508.81 and a 200 day simple moving average of $479.66. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70.

Moody's (NYSE:MCO - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating analysts' consensus estimates of $3.39 by $0.17. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. Moody's had a net margin of 29.18% and a return on equity of 60.73%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.28 earnings per share. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. Research analysts expect that Moody's Corporation will post 13.95 earnings per share 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 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 yield of 0.7%. Moody's's dividend payout ratio is 31.95%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MCO shares. BMO Capital Markets boosted their price objective on shares of Moody's from $509.00 to $534.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their target price on shares of Moody's from $525.00 to $552.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Royal Bank Of Canada restated an "outperform" rating and set a $550.00 price target on shares of Moody's in a report on Wednesday, June 4th. Mizuho boosted their price objective on Moody's from $496.00 to $532.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Oppenheimer raised their target price on Moody's from $552.00 to $563.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $540.57.

Insider Activity

In other news, CEO Robert Fauber sold 415 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $521.45, for a total transaction of $216,401.75. Following the sale, the chief executive officer owned 61,618 shares in the company, valued at approximately $32,130,706.10. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Noemie Clemence Heuland sold 897 shares of Moody's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the transaction, the chief financial officer directly owned 2,148 shares of the company's stock, valued at $1,091,699.52. This represents a 29.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,008 shares of company stock worth $4,599,385. 0.14% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody's Corporation (NYSE:MCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.