Insider Selling: Moody's Co. (MCO) Director Sells $73,965.00 in Stock

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.

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About Moody's

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.

Insider Buying and Selling by Quarter for Moody's (NYSE:MCO)

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