Titan Global Capital Management USA LLC Sells 724 Shares of Moody's Corporation $MCO

Key Points

• Titan Global Capital Management USA LLC reduced its stake in Moody's Corporation by 6.4%, holding 10,578 shares valued at approximately $4.93 million after selling 724 shares in the first quarter.
• Moody's reported $3.56 earnings per share for the last quarter, surpassing estimates, and its revenue increased by 4.5% year-over-year, totaling $1.90 billion.
• The company declared a quarterly dividend of $0.94 per share, with the dividend payout ratio standing at 31.95%, indicating a commitment to returning value to shareholders.

Titan Global Capital Management USA LLC reduced its position in Moody's Corporation (NYSE:MCO - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,578 shares of the business services provider's stock after selling 724 shares during the period. Moody's comprises approximately 1.0% of Titan Global Capital Management USA LLC's holdings, making the stock its 26th largest position. Titan Global Capital Management USA LLC's holdings in Moody's were worth $4,926,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MCO. GAMMA Investing LLC raised its holdings in Moody's by 55,808.8% in the 1st quarter. GAMMA Investing LLC now owns 802,850 shares of the business services provider's stock worth $373,879,000 after acquiring an additional 801,414 shares during the last quarter. Nuveen LLC purchased a new position in Moody's in the 1st quarter worth approximately $328,595,000. Northern Trust Corp raised its holdings in Moody's by 20.5% in the 4th quarter. Northern Trust Corp now owns 1,776,729 shares of the business services provider's stock worth $841,050,000 after acquiring an additional 302,453 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Moody's by 21.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider's stock worth $712,777,000 after purchasing an additional 265,389 shares during the period. Finally, SG Americas Securities LLC grew its position in Moody's by 142.4% in the 1st quarter. SG Americas Securities LLC now owns 71,040 shares of the business services provider's stock worth $33,083,000 after purchasing an additional 238,569 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Moody's Price Performance

MCO stock traded up $6.0230 during trading on Friday, hitting $515.4930. 642,948 shares of the company's stock traded hands, compared to its average volume of 686,497. Moody's Corporation has a 52 week low of $378.71 and a 52 week high of $531.93. 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 business has a fifty day simple moving average of $502.31 and a 200 day simple moving average of $479.87. The stock has a market capitalization of $92.27 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 3.30 and a beta of 1.40.

Moody's (NYSE:MCO - Get Free Report) last released its earnings results 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. The firm had revenue of $1.90 billion during 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 business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $3.28 EPS. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, research analysts expect that Moody's Corporation will post 13.95 EPS for the current fiscal year.

Moody's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Moody's's dividend payout ratio (DPR) is currently 31.95%.

Insider Buying and Selling

In other Moody's news, SVP Richard G. Steele sold 1,457 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total transaction of $741,365.31. Following the transaction, the senior vice president directly owned 1,386 shares in the company, valued at $705,238.38. This represents a 51.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael L. West sold 3,704 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the transaction, the insider owned 8,209 shares in the company, valued at approximately $4,195,619.90. The trade was a 31.09% decrease in their ownership of the stock. 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 over the last ninety days. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MCO shares. Barclays lifted their target price on shares of Moody's from $520.00 to $580.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their target price on shares of Moody's from $493.00 to $498.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $550.00 target price on shares of Moody's in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their target price on shares of Moody's from $573.00 to $595.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, UBS Group lifted their target price on shares of Moody's from $445.00 to $515.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $538.80.

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.