Oakcliff Capital Partners LP bought a new stake in Moody's Corporation (NYSE:MCO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,000 shares of the business services provider's stock, valued at approximately $15,399,000. Moody's makes up approximately 5.7% of Oakcliff Capital Partners LP's investment portfolio, making the stock its 6th largest position.
A number of other hedge funds have also made changes to their positions in MCO. Kestra Private Wealth Services LLC grew its holdings in Moody's by 0.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 6,440 shares of the business services provider's stock worth $2,810,000 after acquiring an additional 22 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its holdings in Moody's by 1.2% in the third quarter. Reynders McVeigh Capital Management LLC now owns 1,865 shares of the business services provider's stock valued at $889,000 after buying an additional 22 shares during the last quarter. TCI Wealth Advisors Inc. lifted its holdings in Moody's by 4.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 535 shares of the business services provider's stock worth $273,000 after buying an additional 23 shares during the last quarter. Resolute Wealth Strategies LLC increased its holdings in shares of Moody's by 3.8% in the 1st quarter. Resolute Wealth Strategies LLC now owns 623 shares of the business services provider's stock valued at $272,000 after acquiring an additional 23 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Moody's by 6.7% during the fourth quarter. TD Private Client Wealth LLC now owns 429 shares of the business services provider's stock worth $219,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company's stock.
Moody's Trading Down 2.0%
Shares of NYSE:MCO opened at $504.64 on Tuesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $87.40 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.55 and a beta of 1.33. Moody's Corporation has a 1-year low of $402.28 and a 1-year high of $546.88. The company has a 50 day moving average price of $486.00 and a 200 day moving average price of $460.76.
Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $4.68 EPS for the quarter, beating analysts' consensus estimates of $4.26 by $0.42. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.09 billion. Moody's had a return on equity of 80.35% and a net margin of 34.25%.The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.56 EPS. Moody's has set its FY 2026 guidance at 16.500-17.000 EPS. On average, research analysts anticipate that Moody's Corporation will post 16.89 EPS for the current fiscal year.
Moody's Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th. Moody's's dividend payout ratio (DPR) is presently 26.13%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Moody's from $530.00 to $600.00 and gave the stock an "overweight" rating in a research note on Monday, July 20th. Citigroup reaffirmed a "buy" rating on shares of Moody's in a report on Wednesday, July 29th. Mizuho boosted their target price on shares of Moody's from $521.00 to $530.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Moody's from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 15th. Finally, BMO Capital Markets lifted their price target on Moody's from $489.00 to $515.00 and gave the company a "market perform" rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $553.61.
Read Our Latest Analysis on Moody's
Insider Activity
In related news, CEO Robert Fauber sold 1,467 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $484.30, for a total value of $710,468.10. Following the completion of the sale, the chief executive officer owned 51,964 shares in the company, valued at approximately $25,166,165.20. This represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.14% of the stock is owned by corporate insiders.
Moody's Profile
(
Free Report)
Moody's Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody's is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody's operates primarily through two complementary businesses.
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