Bank of Jackson Hole Trust Invests $100,000 in Moody’s Corporation $MCO

Bank of Jackson Hole Trust bought a new position in Moody’s Corporation (NYSE:MCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 199 shares of the business services provider’s stock, valued at approximately $100,000.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Moody’s by 0.8% in the first quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock worth $6,899,490,000 after acquiring an additional 119,548 shares during the last quarter. PineStone Asset Management Inc. grew its stake 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Moody’s by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,651,495 shares of the business services provider’s stock worth $769,085,000 after acquiring an additional 60,816 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Moody’s by 9.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock worth $738,897,000 after acquiring an additional 140,128 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Moody’s by 21.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock worth $712,777,000 after acquiring an additional 265,389 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Trading Down 4.0%

Moody’s stock opened at $471.16 on Thursday. The stock has a market capitalization of $84.05 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.90 and a beta of 1.41. 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 business’s fifty day moving average is $491.76 and its 200 day moving average is $486.87. Moody’s Corporation has a one year low of $378.71 and a one year high of $531.93.

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

Moody’s Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on MCO. BMO Capital Markets cut their target price on Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft set a $528.00 price objective on Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. Wall Street Zen raised Moody’s from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Barclays increased their price objective on Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Seaport Res Ptn raised Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and an average price target of $543.07.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 546 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $493.90, for a total value of $269,669.40. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $30,168,399.80. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 1,817 shares of company stock valued at $911,315. 0.14% of the stock is owned by corporate insiders.

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.