Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Darrell Duffie also recently made the following trade(s):
- On Friday, December 29th, Darrell Duffie sold 500 shares of Moody's stock. The stock was sold at an average price of $147.93, for a total value of $73,965.00.
Moody's Co. (MCO) opened at $151.60 on Friday. Moody's Co. has a 1-year low of $93.51 and a 1-year high of $153.86. The firm has a market cap of $28,447.15, a P/E ratio of 54.14, a P/E/G ratio of 2.41 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15.
Moody's (NYSE:MCO) last posted its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.15. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. analysts anticipate that Moody's Co. will post 5.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, November 20th. Moody's’s dividend payout ratio (DPR) is presently 54.29%.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Moody's by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after purchasing an additional 463,669 shares during the period. BlackRock Inc. grew its position in shares of Moody's by 1.7% during the 2nd quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock valued at $1,259,461,000 after acquiring an additional 169,560 shares during the period. Fiera Capital Corp grew its position in shares of Moody's by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock valued at $705,010,000 after acquiring an additional 876,210 shares during the period. Principal Financial Group Inc. grew its position in shares of Moody's by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock valued at $713,898,000 after acquiring an additional 33,723 shares during the period. Finally, Harris Associates L P grew its position in shares of Moody's by 8.5% during the 2nd quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock valued at $446,645,000 after acquiring an additional 288,906 shares during the period. 87.32% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 target price on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 target price on shares of Moody's in a research note on Wednesday, November 29th. Barclays upgraded shares of Moody's from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $165.00 in a report on Friday, November 17th. Argus raised their price objective on shares of Moody's to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets raised their price objective on shares of Moody's from $143.00 to $146.00 and gave the stock a “market perform” rating in a report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $153.40.
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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