Moody's Corporation $MCO is 11 Capital Partners LP's 7th Largest Position

Key Points

• 11 Capital Partners LP increased its stake in Moody's Corporation by 49.4%, owning 35,010 shares valued at approximately $16.3 million, making it the fund's 7th largest investment position.
• Moody's reported earnings per share of $3.56 for the last quarter, surpassing analysts' expectations, with quarterly revenue of $1.90 billion.
• The firm recently declared a quarterly dividend of $0.94, resulting in an annualized dividend yield of 0.8%.

11 Capital Partners LP grew its position in Moody's Corporation (NYSE:MCO - Free Report) by 49.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,010 shares of the business services provider's stock after purchasing an additional 11,576 shares during the quarter. Moody's comprises approximately 5.4% of 11 Capital Partners LP's investment portfolio, making the stock its 7th biggest holding. 11 Capital Partners LP's holdings in Moody's were worth $16,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MCO. Bank Pictet & Cie Europe AG grew its holdings in Moody's by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 73,335 shares of the business services provider's stock worth $34,715,000 after purchasing an additional 10,350 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Moody's by 27.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,347 shares of the business services provider's stock worth $638,000 after purchasing an additional 286 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Moody's by 16.8% in the fourth quarter. Ameriprise Financial Inc. now owns 227,228 shares of the business services provider's stock worth $107,548,000 after purchasing an additional 32,633 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Moody's by 14.9% in the fourth quarter. Benjamin Edwards Inc. now owns 3,589 shares of the business services provider's stock worth $1,700,000 after purchasing an additional 465 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Moody's by 4,020.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 65,798 shares of the business services provider's stock worth $31,147,000 after purchasing an additional 64,201 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody's Price Performance

Shares of MCO traded down $0.76 during trading hours on Friday, hitting $499.00. 565,180 shares of the stock were exchanged, compared to its average volume of 534,345. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. Moody's Corporation has a 12-month low of $378.71 and a 12-month high of $531.93. The company has a market cap of $89.32 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 3.19 and a beta of 1.42. The stock's 50-day moving average price is $507.85 and its two-hundred day moving average price is $479.44.

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 for the quarter, beating analysts' consensus estimates of $3.39 by $0.17. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. Moody's had a return on equity of 60.73% and a net margin of 29.18%.The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.28 EPS. 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 year.

Moody's Announces Dividend

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

Analyst Ratings Changes

MCO has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $550.00 price objective on shares of Moody's in a report on Wednesday, June 4th. Barclays upped their price objective on shares of Moody's from $520.00 to $580.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. BMO Capital Markets upped their price objective on shares of Moody's from $509.00 to $534.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wells Fargo & Company upped their price objective on shares of Moody's from $573.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Moody's from $495.00 to $565.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $540.57.

Insider Buying and Selling

In other Moody's news, insider Michael L. West sold 3,704 shares of the company's stock in a transaction 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 completion of the sale, the insider directly owned 8,209 shares in the company, valued at $4,195,619.90. This represents a 31.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the company's stock in a transaction on 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 completion of 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 disclosure for this sale can be found here. Insiders sold 9,008 shares of company stock worth $4,599,385 over the last quarter. Corporate insiders own 0.14% of the company's stock.

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.