Moody's Co. (NYSE:MCO - Get Free Report) CEO Robert Fauber sold 415 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $437.80, for a total transaction of $181,687.00. Following the completion of the transaction, the chief executive officer now directly owns 62,690 shares in the company, valued at approximately $27,445,682. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Robert Fauber also recently made the following trade(s):
- On Tuesday, April 1st, Robert Fauber sold 415 shares of Moody's stock. The stock was sold at an average price of $463.08, for a total transaction of $192,178.20.
- On Tuesday, February 18th, Robert Fauber sold 281 shares of Moody's stock. The stock was sold at an average price of $522.20, for a total value of $146,738.20.
- On Monday, February 3rd, Robert Fauber sold 281 shares of Moody's stock. The stock was sold at an average price of $494.42, for a total value of $138,932.02.
Moody's Stock Down 2.2 %
Shares of MCO opened at $425.58 on Thursday. The company has a quick ratio of 1.67, a current ratio of 1.47 and a debt-to-equity ratio of 1.81. The business has a fifty day moving average of $467.13 and a 200 day moving average of $474.86. The company has a market cap of $76.56 billion, a PE ratio of 37.76, a P/E/G ratio of 2.87 and a beta of 1.38. Moody's Co. has a 52-week low of $360.05 and a 52-week high of $531.93.
Moody's (NYSE:MCO - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.35. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.70 billion. Moody's had a net margin of 29.03% and a return on equity of 58.94%. On average, sell-side analysts expect that Moody's Co. will post 13.95 EPS for the current year.
Moody's Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.88%. This is an increase from Moody's's previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, February 25th. Moody's's dividend payout ratio is presently 33.36%.
Analysts Set New Price Targets
A number of equities research analysts have commented on MCO shares. Bank of America initiated coverage on shares of Moody's in a research note on Thursday, April 10th. They set a "buy" rating and a $530.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Moody's in a research note on Friday, February 14th. Mizuho began coverage on Moody's in a research note on Wednesday, March 12th. They issued a "neutral" rating and a $504.00 price objective for the company. UBS Group boosted their price target on Moody's from $510.00 to $540.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Moody's from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $522.87.
Read Our Latest Stock Report on Moody's
Hedge Funds Weigh In On Moody's
A number of large investors have recently bought and sold shares of MCO. OFI Invest Asset Management purchased a new stake in shares of Moody's during the fourth quarter valued at $41,000. Asset Planning Inc bought a new stake in Moody's during the 4th quarter valued at about $42,000. Albion Financial Group UT purchased a new stake in Moody's in the 4th quarter valued at about $45,000. Activest Wealth Management bought a new position in Moody's in the 4th quarter worth about $47,000. Finally, Larson Financial Group LLC grew its stake in Moody's by 80.6% in the 4th quarter. Larson Financial Group LLC now owns 121 shares of the business services provider's stock worth $57,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.
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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