Mattson Financial Services LLC Buys New Position in Moody’s Corporation $MCO

by · The Markets Daily

Mattson Financial Services LLC bought a new position in shares of Moody’s Corporation (NYSE:MCO – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,885 shares of the business services provider’s stock, valued at approximately $898,000.

A number of other large investors have also added to or reduced their stakes in MCO. Fiera Capital Corp boosted its stake in shares of Moody’s by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after buying an additional 35,123 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Moody’s by 87.2% during the 2nd quarter. Corient Private Wealth LLC now owns 200,190 shares of the business services provider’s stock valued at $100,414,000 after acquiring an additional 93,244 shares during the last quarter. Nordea Investment Management AB grew its holdings in Moody’s by 19.6% during the 2nd quarter. Nordea Investment Management AB now owns 604,010 shares of the business services provider’s stock worth $298,502,000 after acquiring an additional 98,951 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Moody’s in the 1st quarter worth about $714,000. Finally, Czech National Bank raised its stake in shares of Moody’s by 6.4% in the 2nd quarter. Czech National Bank now owns 37,817 shares of the business services provider’s stock valued at $18,969,000 after purchasing an additional 2,262 shares in the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,154 shares of company stock valued at $1,041,098 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MCO shares. Morgan Stanley set a $520.00 target price on Moody’s in a research report on Thursday, October 9th. Mizuho increased their target price on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Evercore ISI lifted their price target on shares of Moody’s from $531.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Moody’s in a research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 target price on Moody’s and gave the company a “buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $543.40.

Get Our Latest Research Report on Moody’s

Moody’s Trading Up 0.7%

Moody’s stock opened at $520.80 on Monday. The firm has a 50-day moving average price of $488.40 and a two-hundred day moving average price of $494.31. The firm has a market capitalization of $92.91 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.94 and a beta of 1.45. The company has a quick ratio of 1.84, a current ratio of 1.84 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.

Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the company posted $3.21 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Sell-side analysts expect that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, November 21st. Moody’s’s dividend payout ratio is currently 30.23%.

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.

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