Turtle Creek Wealth Advisors LLC Makes New Investment in Moody’s Corporation $MCO

Turtle Creek Wealth Advisors LLC purchased a new position in Moody’s Corporation (NYSE:MCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 416 shares of the business services provider’s stock, valued at approximately $209,000.

Other large investors have also recently made changes to their positions in the company. Horizon Financial Services LLC grew its stake in shares of Moody’s by 77,500.0% in the first quarter. Horizon Financial Services LLC now owns 2,328 shares of the business services provider’s stock worth $1,084,000 after acquiring an additional 2,325 shares during the period. Hsbc Holdings PLC grew its stake in shares of Moody’s by 11.9% in the first quarter. Hsbc Holdings PLC now owns 527,518 shares of the business services provider’s stock worth $244,817,000 after acquiring an additional 56,273 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Moody’s by 289.8% in the first quarter. Concurrent Investment Advisors LLC now owns 3,282 shares of the business services provider’s stock worth $1,528,000 after acquiring an additional 2,440 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Moody’s by 7.9% in the first quarter. Asset Management One Co. Ltd. now owns 69,849 shares of the business services provider’s stock worth $32,528,000 after acquiring an additional 5,095 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Moody’s by 10.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,259 shares of the business services provider’s stock worth $3,381,000 after acquiring an additional 678 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $481.09, for a total value of $199,652.35. Following the completion of the transaction, the chief executive officer directly owned 61,082 shares in the company, valued at $29,385,939.38. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael L. West sold 3,704 shares of the company’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the completion of the transaction, the insider owned 8,209 shares of the company’s stock, valued at approximately $4,195,619.90. The trade was a 31.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,423 shares of company stock valued at $4,802,876. Insiders own 0.14% of the company’s stock.

Moody’s Stock Performance

MCO opened at $470.72 on Friday. The firm has a market cap of $84.26 billion, a P/E ratio of 39.99, a PEG ratio of 2.87 and a beta of 1.41. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $531.93. The company has a 50 day simple moving average of $497.04 and a two-hundred day simple moving average of $482.75. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.75 and a quick ratio of 1.75.

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

Moody’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley set a $520.00 target price on shares of Moody’s in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Moody’s in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and set a $550.00 target price on shares of Moody’s in a research report on Thursday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of Moody’s from $595.00 to $597.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $542.87.

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.