Moody's Corporation $MCO Shares Purchased by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management LLC increased its stake in Moody's Corporation by 50%, acquiring an additional 864 shares during the second quarter, bringing its total holdings to $1.3 million.
• Moody's reported $3.56 earnings per share for the latest quarter, exceeding estimates, with revenue increasing by 4.5% year-over-year to $1.90 billion.
• Moody's announced a quarterly dividend of $0.94 per share, representing a 0.8% dividend yield, with a payout ratio of approximately 31.95%.

Robertson Stephens Wealth Management LLC boosted its position in Moody's Corporation (NYSE:MCO - Free Report) by 50.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,593 shares of the business services provider's stock after purchasing an additional 864 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Moody's were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its position in shares of Moody's by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Moody's during the 1st quarter valued at $30,000. ORG Partners LLC lifted its position in shares of Moody's by 50.0% during the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider's stock valued at $33,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division lifted its position 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 valued at $40,000 after acquiring an additional 24 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of Moody's during the 2nd quarter valued at $47,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody's Trading Down 1.7%

NYSE MCO opened at $484.17 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.70. Moody's Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The firm's fifty day simple moving average is $501.29 and its 200-day simple moving average is $482.49. The company has a market capitalization of $86.67 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 3.05 and a beta of 1.41.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $3.28 earnings per share. Moody's's quarterly 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. As a group, sell-side analysts anticipate that Moody's Corporation will post 13.95 earnings per share for the current fiscal year.

Moody's Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCO. Royal Bank Of Canada reiterated an "outperform" rating and set a $550.00 price objective on shares of Moody's in a research report on Thursday. Robert W. Baird increased their price objective on Moody's from $525.00 to $552.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Barclays boosted their target price on shares of Moody's from $520.00 to $580.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Mizuho raised their target price 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, Weiss Ratings reiterated a "buy (b-)" rating on shares of Moody's in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $542.79.

Insider Buying and Selling at Moody's

In related news, insider Stephen T. Tulenko sold 2,120 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $511.18, for a total transaction of $1,083,701.60. Following the completion of the sale, the insider directly owned 5,558 shares in the company, valued at approximately $2,841,138.44. This trade represents a 27.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard G. Steele sold 1,457 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $508.83, for a total value of $741,365.31. Following the sale, the senior vice president owned 1,386 shares of the company's stock, valued at approximately $705,238.38. This represents a 51.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,423 shares of company stock valued at $4,812,135 in the last quarter. Corporate insiders own 0.14% of the company's stock.

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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