Moody's Co. (NYSE:MCO - Get Free Report) SVP Caroline Sullivan sold 1,681 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $462.40, for a total transaction of $777,294.40. Following the completion of the transaction, the senior vice president now directly owns 1,415 shares of the company's stock, valued at approximately $654,296. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Moody's Trading Down 0.4 %
Shares of NYSE MCO opened at $460.50 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.59. Moody's Co. has a 12-month low of $298.86 and a 12-month high of $495.10. The stock's 50 day simple moving average is $477.63 and its 200 day simple moving average is $440.08. The company has a market cap of $84.09 billion, a price-to-earnings ratio of 50.27, a price-to-earnings-growth ratio of 3.10 and a beta of 1.29.
Moody's (NYSE:MCO - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.32. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.71 billion. Moody's had a return on equity of 57.03% and a net margin of 28.34%. Moody's's revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 earnings per share. Equities research analysts expect that Moody's Co. will post 11.46 EPS for the current year.
Moody's Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, November 22nd. Moody's's dividend payout ratio (DPR) is presently 37.12%.
Hedge Funds Weigh In On Moody's
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC bought a new position in shares of Moody's in the third quarter valued at approximately $428,000. Donaldson Capital Management LLC lifted its position in shares of Moody's by 2.7% during the third quarter. Donaldson Capital Management LLC now owns 22,319 shares of the business services provider's stock worth $10,593,000 after purchasing an additional 582 shares in the last quarter. KG&L Capital Management LLC increased its position in Moody's by 12.6% in the third quarter. KG&L Capital Management LLC now owns 1,234 shares of the business services provider's stock worth $586,000 after purchasing an additional 138 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Moody's by 1,025.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 182,202 shares of the business services provider's stock worth $86,471,000 after buying an additional 166,014 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Moody's by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 33,153 shares of the business services provider's stock valued at $15,544,000 after purchasing an additional 3,287 shares during the period. Institutional investors own 92.11% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MCO. UBS Group raised their target price on Moody's from $495.00 to $510.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on shares of Moody's from $455.00 to $464.00 and gave the company a "market perform" rating in a report on Tuesday, October 15th. Raymond James cut shares of Moody's from a "market perform" rating to an "underperform" rating in a research report on Monday, September 23rd. StockNews.com downgraded Moody's from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their target price on shares of Moody's from $450.00 to $475.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Moody's has an average rating of "Hold" and an average target price of $500.00.
Read Our Latest Stock Analysis on MCO
About Moody's
(
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Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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