K.J. Harrison & Partners Inc Has $4.22 Million Position in Moody’s Corporation $MCO

K.J. Harrison & Partners Inc trimmed its stake in Moody’s Corporation (NYSE:MCO) by 23.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,675 shares of the business services provider’s stock after selling 2,900 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Moody’s were worth $4,221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MCO. Newbridge Financial Services Group Inc. acquired a new stake in shares of Moody’s in the 2nd quarter valued at about $25,000. Birchwood Financial Partners Inc. acquired a new position in Moody’s during the 4th quarter worth approximately $26,000. Nalls Sherbakoff Group LLC bought a new position in Moody’s in the fourth quarter worth approximately $27,000. Ares Financial Consulting LLC bought a new position in Moody’s in the fourth quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Moody’s in the third quarter valued at approximately $30,000. 92.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MCO has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Moody’s from $560.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and issued a $535.00 price target on shares of Moody’s in a research report on Thursday, April 23rd. Rothschild & Co Redburn set a $500.00 price target on shares of Moody’s in a research note on Thursday, June 18th. BMO Capital Markets restated a “market perform” rating on shares of Moody’s in a report on Tuesday, May 26th. Finally, Bank of America restated a “buy” rating and set a $565.00 price objective on shares of Moody’s in a report on Wednesday, April 22nd. One equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.83.

Moody’s Trading Down 0.2%

NYSE MCO opened at $489.61 on Friday. The firm has a market capitalization of $85.53 billion, a P/E ratio of 35.10, a PEG ratio of 2.64 and a beta of 1.34. The business has a fifty day simple moving average of $452.09 and a 200 day simple moving average of $466.21. Moody’s Corporation has a 12 month low of $402.28 and a 12 month high of $546.88. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.03.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.11. Moody’s had a net margin of 31.69% and a return on equity of 70.97%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm earned $3.83 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.400-17.000 EPS. On average, analysts predict that Moody’s Corporation will post 16.69 EPS for the current fiscal year.

Moody’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 0.8%. Moody’s’s payout ratio is 29.53%.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total value of $665,533.89. Following the completion of the sale, the chief executive officer directly owned 52,564 shares of the company’s stock, valued at approximately $23,846,709.88. This represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 dated Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the sale, the senior vice president owned 1,985 shares of the company’s stock, valued at approximately $900,534.95. This trade represents a 7.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,250 shares of company stock valued at $1,495,098 over the last ninety days. 0.14% of the stock is currently owned by insiders.

About Moody’s

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.