Bull Harbor Capital LLC Acquires Shares of 1,262 Moody’s Corporation $MCO

Bull Harbor Capital LLC acquired a new stake in Moody’s Corporation (NYSE:MCO) in the 1st quarter, HoldingsChannel reports. The fund acquired 1,262 shares of the business services provider’s stock, valued at approximately $551,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Moody’s by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,272,967 shares of the business services provider’s stock valued at $7,802,195,000 after acquiring an additional 102,682 shares during the period. Geode Capital Management LLC increased its holdings in shares of Moody’s by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 3,965,480 shares of the business services provider’s stock valued at $2,019,551,000 after purchasing an additional 42,966 shares in the last quarter. Morgan Stanley increased its holdings in shares of Moody’s by 2.7% during the 4th quarter. Morgan Stanley now owns 2,370,601 shares of the business services provider’s stock valued at $1,211,023,000 after purchasing an additional 62,798 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Moody’s by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 2,349,281 shares of the business services provider’s stock valued at $1,024,874,000 after purchasing an additional 72,043 shares during the period. Finally, Norges Bank purchased a new stake in Moody’s during the fourth quarter worth $1,097,101,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Stock Down 0.1%

Shares of NYSE MCO opened at $482.55 on Friday. The firm has a market cap of $83.58 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.40 and a beta of 1.34. The company’s 50-day simple moving average is $468.40 and its 200-day simple moving average is $463.02. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.01. Moody’s Corporation has a 52-week low of $402.28 and a 52-week high of $546.88.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.42. Moody’s had a net margin of 34.25% and a return on equity of 80.35%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $3.56 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. Equities analysts predict that Moody’s Corporation will post 16.82 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. Moody’s’s dividend payout ratio is presently 26.13%.

Analyst Upgrades and Downgrades

MCO has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Moody’s from $557.00 to $572.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Barclays raised their target price on Moody’s from $550.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Wolfe Research restated an “outperform” rating and issued a $535.00 price target on shares of Moody’s in a research note on Thursday, April 23rd. Citigroup reiterated a “buy” rating on shares of Moody’s in a research report on Wednesday. Finally, Mizuho raised their price objective on Moody’s from $521.00 to $530.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $553.61.

Insider Activity

In other news, CEO Robert Fauber sold 1,467 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $665,533.89. Following the transaction, the chief executive officer directly owned 52,564 shares in the company, valued at $23,846,709.88. The trade was a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $71,679.86. Following the completion of the sale, the senior vice president directly owned 1,985 shares of the company’s stock, valued at approximately $900,534.95. This represents a 7.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.14% of the company’s stock.

Moody’s Profile

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.