SummitTX Capital L.P. Has $6.42 Million Stake in Moody’s Corporation $MCO

SummitTX Capital L.P. raised its stake in shares of Moody’s Corporation (NYSE:MCO) by 980.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,722 shares of the business services provider’s stock after acquiring an additional 13,360 shares during the quarter. SummitTX Capital L.P.’s holdings in Moody’s were worth $6,422,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Cromwell Holdings LLC lifted its stake in shares of Moody’s by 5.8% in the fourth quarter. Cromwell Holdings LLC now owns 363 shares of the business services provider’s stock valued at $185,000 after buying an additional 20 shares during the period. DeDora Capital Inc. increased its stake in Moody’s by 1.5% during the fourth quarter. DeDora Capital Inc. now owns 1,315 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 20 shares during the period. Guyasuta Investment Advisors Inc. increased its stake in Moody’s by 2.7% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 753 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 20 shares during the period. Carnegie Investment Counsel raised its holdings in Moody’s by 1.9% in the 4th quarter. Carnegie Investment Counsel now owns 1,081 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 20 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Moody’s by 1.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,895 shares of the business services provider’s stock worth $968,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MCO. BMO Capital Markets lifted their price objective on Moody’s from $489.00 to $515.00 and gave the stock a “market perform” rating in a report on Tuesday, July 7th. Bank of America restated a “buy” rating and issued a $565.00 target price on shares of Moody’s in a research note on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and issued a $505.00 target price on shares of Moody’s in a research report on Thursday. Rothschild & Co Redburn set a $500.00 price target on shares of Moody’s in a research note on Thursday, June 18th. Finally, Robert W. Baird boosted their price target on shares of Moody’s from $557.00 to $572.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $553.61.

Moody’s Stock Up 3.1%

Shares of MCO opened at $486.05 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.01. The company has a 50-day moving average price of $465.90 and a two-hundred day moving average price of $464.03. The stock has a market cap of $84.18 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 2.34 and a beta of 1.34. Moody’s Corporation has a 12 month low of $402.28 and a 12 month high of $546.88.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.42. Moody’s had a return on equity of 80.35% and a net margin of 34.25%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company posted $3.56 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. Equities analysts predict that Moody’s Corporation will post 16.82 EPS for the current fiscal year.

Moody’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.12 annualized dividend and a yield of 0.8%. Moody’s’s payout ratio is currently 26.13%.

Insiders Place Their Bets

In other Moody’s news, SVP Richard G. Steele sold 158 shares of Moody’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares of the company’s stock, valued at approximately $900,534.95. This trade represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Fauber sold 1,467 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $665,533.89. Following the completion of the sale, the chief executive officer owned 52,564 shares in the company, valued at $23,846,709.88. This represents a 2.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,250 shares of company stock worth $1,495,098 over the last quarter. Company insiders own 0.14% of the company’s stock.

About Moody’s

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.