Dimension Capital Management LLC Invests $796,000 in Moody’s Corporation $MCO

Dimension Capital Management LLC acquired a new stake in Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,586 shares of the business services provider’s stock, valued at approximately $796,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Moody’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 15,006,997 shares of the business services provider’s stock valued at $7,527,360,000 after purchasing an additional 191,368 shares during the last quarter. TCI Fund Management Ltd. boosted its stake in Moody’s by 0.6% in the second quarter. TCI Fund Management Ltd. now owns 13,246,979 shares of the business services provider’s stock valued at $6,644,552,000 after buying an additional 83,872 shares in the last quarter. Geode Capital Management LLC grew its position in Moody’s by 1.8% in the second quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after acquiring an additional 69,455 shares during the last quarter. Fiera Capital Corp raised its stake in Moody’s by 1.4% during the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock worth $1,291,568,000 after acquiring an additional 35,123 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its holdings in shares of Moody’s by 10.3% in the second quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock worth $1,159,185,000 after acquiring an additional 215,551 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors.

Moody’s Stock Performance

Shares of MCO opened at $479.32 on Thursday. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93. The company has a market cap of $85.51 billion, a PE ratio of 38.53, a P/E/G ratio of 2.75 and a beta of 1.45. The stock has a 50-day moving average of $483.33 and a 200-day moving average of $492.53. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. On average, equities research analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s payout ratio is 30.23%.

Analysts Set New Price Targets

MCO has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Morgan Stanley set a $520.00 target price on Moody’s in a report on Thursday, October 9th. Stifel Nicolaus cut their price target on Moody’s from $526.00 to $471.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Mizuho boosted their price target on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 price objective on shares of Moody’s and gave the company a “buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $543.07.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,569 shares of company stock worth $1,253,848 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Moody’s Company 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.