REAP Financial Group LLC Buys 92 Shares of Moody’s Corporation $MCO

REAP Financial Group LLC boosted its stake in shares of Moody’s Corporation (NYSE:MCO) by 184.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142 shares of the business services provider’s stock after buying an additional 92 shares during the quarter. REAP Financial Group LLC’s holdings in Moody’s were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Moody’s by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 14,815,629 shares of the business services provider’s stock valued at $6,899,490,000 after buying an additional 119,548 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in Moody’s by 10.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,311,020 shares of the business services provider’s stock valued at $1,159,185,000 after buying an additional 215,551 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Moody’s by 3.8% during the 1st 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 valued at $769,085,000 after buying an additional 60,816 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Moody’s by 9.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,586,672 shares of the business services provider’s stock valued at $738,897,000 after buying an additional 140,128 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Moody’s by 21.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,530,582 shares of the business services provider’s stock valued at $712,777,000 after buying an additional 265,389 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Up 0.3%

Shares of Moody’s stock opened at $489.79 on Thursday. The firm’s 50 day moving average price is $502.11 and its 200-day moving average price is $482.29. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.70. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $531.93. The company has a market cap of $87.67 billion, a P/E ratio of 41.61, a PEG ratio of 3.02 and a beta of 1.41.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.17. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. 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 previous year, the firm earned $3.28 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. On average, sell-side analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a 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 Activity at Moody’s

In other Moody’s news, SVP Richard G. Steele sold 1,457 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total transaction of $741,365.31. Following the sale, the senior vice president owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. The trade was a 51.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Fauber sold 415 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $512.65, for a total transaction of $212,749.75. Following the sale, the chief executive officer directly owned 61,350 shares in the company, valued at approximately $31,451,077.50. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock worth $4,812,135 in the last 90 days. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MCO shares. Robert W. Baird lifted their price objective on shares of Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Morgan Stanley raised their target price on shares of Moody’s from $493.00 to $498.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Seaport Res Ptn raised shares of Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Mizuho raised their target price on shares of Moody’s from $496.00 to $532.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, BMO Capital Markets raised their target price on shares of Moody’s from $509.00 to $534.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $541.21.

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.