Hennion & Walsh Asset Management Inc. Sells 1,624 Shares of Moody’s Corporation $MCO

by · The Cerbat Gem

Hennion & Walsh Asset Management Inc. decreased its position in Moody’s Corporation (NYSE:MCOFree Report) by 20.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,373 shares of the business services provider’s stock after selling 1,624 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Moody’s were worth $3,037,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Rexford Capital Inc. acquired a new stake in Moody’s in the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Moody’s during the 2nd quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new stake in shares of Moody’s in the second quarter valued at approximately $28,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Moody’s in the third quarter worth $31,000. Finally, ORG Partners LLC boosted its holdings in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after purchasing an additional 22 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on MCO shares. BMO Capital Markets lowered their price target on shares of 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Seaport Res Ptn raised Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group raised Moody’s from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $524.00 to $570.00 in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $550.27.

Check Out Our Latest Research Report on Moody’s

Moody’s Trading Down 0.3%

MCO stock opened at $531.43 on Thursday. Moody’s Corporation has a one year low of $378.71 and a one year high of $540.00. The stock has a market cap of $94.81 billion, a price-to-earnings ratio of 42.72, a price-to-earnings-growth ratio of 2.69 and a beta of 1.45. The company has a fifty day moving average price of $494.13 and a two-hundred day moving average price of $496.68. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

Moody’s (NYSE:MCOGet Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.22. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.92 billion. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.21 earnings per share. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Equities analysts anticipate 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, December 12th. Investors of record on Friday, November 21st were paid a $0.94 dividend. The ex-dividend date was Friday, November 21st. This represents a $3.76 annualized dividend and a dividend yield of 0.7%. Moody’s’s dividend payout ratio is 30.23%.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,154 shares of company stock worth $1,041,098 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

Moody’s Profile

(Free Report)

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.

See Also

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