TRB Advisors LP Invests $5.02 Million in Moody's Corporation $MCO

Key Points

• TRB Advisors LP has invested approximately $5.02 million in Moody's Corporation, acquiring 10,000 shares, which now represents 1.2% of its investment portfolio.
• Moody's reported earnings of $3.56 per share for the last quarter, surpassing expectations, along with a 4.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.94, providing an annualized dividend yield of 0.8%, with a payout ratio of 31.95%.

TRB Advisors LP purchased a new stake in shares of Moody's Corporation (NYSE:MCO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the business services provider's stock, valued at approximately $5,016,000. Moody's accounts for 1.2% of TRB Advisors LP's investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds also recently bought and sold shares of MCO. GAMMA Investing LLC increased its holdings in Moody's by 20.1% during the 1st quarter. GAMMA Investing LLC now owns 1,724 shares of the business services provider's stock valued at $803,000 after purchasing an additional 288 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Moody's by 49.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,532 shares of the business services provider's stock valued at $10,493,000 after purchasing an additional 7,492 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Moody's by 10.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,259 shares of the business services provider's stock valued at $3,381,000 after purchasing an additional 678 shares during the period. Blue Trust Inc. increased its holdings in Moody's by 177.0% during the 1st quarter. Blue Trust Inc. now owns 784 shares of the business services provider's stock valued at $365,000 after purchasing an additional 501 shares during the period. Finally, Kentucky Retirement Systems increased its holdings in Moody's by 0.3% during the 1st quarter. Kentucky Retirement Systems now owns 10,791 shares of the business services provider's stock valued at $5,025,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 92.11% of the company's stock.

Moody's Stock Up 0.5%

MCO stock opened at $470.72 on Monday. Moody's Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93. The business's 50 day moving average price is $497.04 and its two-hundred day moving average price is $483.11. 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 company has a market capitalization of $84.26 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 2.88 and a beta of 1.41.

Moody's (NYSE:MCO - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, topping analysts' consensus estimates of $3.39 by $0.17. Moody's had a return on equity of 60.73% and a net margin of 29.18%.The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business earned $3.28 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Moody's has set its FY 2025 guidance at 13.500-14.000 EPS. As a group, analysts forecast that Moody's Corporation will post 13.95 earnings per share for the current fiscal year.

Moody's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Moody's's payout ratio is currently 31.95%.

Insider Transactions at Moody's

In other news, CFO Noemie Clemence Heuland sold 897 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total value of $455,891.28. Following the sale, the chief financial officer directly owned 2,148 shares of the company's stock, valued at $1,091,699.52. The trade was a 29.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 2,120 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was 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 directly owned 5,558 shares in the company, valued at approximately $2,841,138.44. This represents a 27.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,423 shares of company stock worth $4,802,876. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

MCO has been the topic of a number of research analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Moody's in a report on Wednesday, October 8th. Mizuho boosted their price target on Moody's from $532.00 to $539.00 and gave the company a "neutral" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody's and gave the stock a "buy" rating in a report on Wednesday, October 1st. Evercore ISI upped their target price on Moody's from $531.00 to $535.00 and gave the stock an "outperform" rating in a report on Tuesday, October 14th. Finally, Morgan Stanley set a $520.00 target price on Moody's in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $542.87.

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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