Moody’s Corporation $MCO Stock Holdings Cut by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its position in Moody’s Corporation (NYSE:MCO) by 41.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,860 shares of the business services provider’s stock after selling 7,784 shares during the period. Texas Permanent School Fund Corp’s holdings in Moody’s were worth $5,447,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MCO. Rexford Capital Inc. acquired a new stake in Moody’s in the 2nd quarter valued at about $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Moody’s in the 2nd quarter worth approximately $25,000. Johnson Financial Group Inc. bought a new stake in shares of Moody’s in the 2nd quarter worth approximately $28,000. Saudi Central Bank acquired a new stake in Moody’s during the first quarter valued at approximately $30,000. Finally, ORG Partners LLC boosted its holdings in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of MCO opened at $493.45 on Wednesday. The business’s 50-day moving average is $483.62 and its 200-day moving average is $492.92. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $88.03 billion, a price-to-earnings ratio of 39.67, a P/E/G ratio of 2.75 and a beta of 1.45. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $531.93.

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

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 21st. Moody’s’s payout ratio is currently 30.23%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCO. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. Mizuho raised their target price on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wall Street Zen downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Stifel Nicolaus reduced their price target on shares of Moody’s from $526.00 to $471.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Finally, Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $544.75.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. The trade was a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 2,154 shares of company stock worth $1,041,098. 0.14% of the stock is currently owned by company insiders.

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.