Robertson Stephens Wealth Management LLC Has $1.30 Million Stake in Moody’s Corporation $MCO

Robertson Stephens Wealth Management LLC boosted its holdings in shares of Moody’s Corporation (NYSE:MCO) by 50.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,593 shares of the business services provider’s stock after buying an additional 864 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Moody’s were worth $1,301,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its position in Moody’s by 1,000.0% during the first quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock worth $26,000 after buying an additional 50 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Moody’s in the first quarter valued at about $30,000. ORG Partners LLC grew its position in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 22 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of Moody’s by 42.9% in the second quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 24 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of Moody’s in the second quarter valued at about $47,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCO. Wells Fargo & Company raised their price target on Moody’s from $595.00 to $597.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. Robert W. Baird raised their price target on Moody’s from $525.00 to $552.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. UBS Group raised their price target on Moody’s from $445.00 to $515.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. raised their price target on Moody’s from $495.00 to $565.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $542.79.

Moody’s Stock Down 1.7%

NYSE MCO opened at $484.17 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a 50-day simple moving average of $501.29 and a 200 day simple moving average of $482.49. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The stock has a market cap of $86.67 billion, a PE ratio of 41.14, a PEG ratio of 3.05 and a beta of 1.41.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.17. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company earned $3.28 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. On average, research analysts forecast that Moody’s Corporation will post 13.95 EPS for the current year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a dividend of $0.94 per share. The ex-dividend date was Friday, August 15th. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. Moody’s’s dividend payout ratio (DPR) is currently 31.95%.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 415 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $512.65, for a total transaction of $212,749.75. Following the completion of the transaction, the chief executive officer owned 61,350 shares in the company, valued at $31,451,077.50. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Noemie Clemence Heuland sold 897 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $508.24, for a total transaction of $455,891.28. Following the transaction, the chief financial officer owned 2,148 shares of the company’s stock, valued at approximately $1,091,699.52. This represents a 29.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,423 shares of company stock valued at $4,812,135. 0.14% of the stock is owned by company 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.