Moody’s Corporation (NYSE:MCO – Get Free Report) CEO Michael West sold 195 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $529.23, for a total transaction of $103,199.85. Following the transaction, the chief executive officer owned 8,179 shares of the company’s stock, valued at approximately $4,328,572.17. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Moody’s Stock Down 2.6%
Shares of NYSE MCO traded down $13.57 during mid-day trading on Thursday, hitting $514.77. The company had a trading volume of 1,176,026 shares, compared to its average volume of 1,056,689. The company has a market capitalization of $88.75 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.60 and a beta of 1.30. The firm has a 50-day simple moving average of $477.50 and a two-hundred day simple moving average of $467.27. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.86. Moody’s Corporation has a one year low of $402.28 and a one year high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last released its earnings results on Wednesday, October 21st. The business services provider reported $4.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($0.11). Moody’s had a net margin of 35.26% and a return on equity of 84.76%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the firm posted $3.92 EPS. Moody’s’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that Moody’s Corporation will post 16.73 EPS for the current year.
Moody’s Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, November 20th. Moody’s’s dividend payout ratio (DPR) is currently 25.11%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Moody’s from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Stifel Nicolaus decreased their target price on shares of Moody’s from $550.00 to $537.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of Moody’s from $570.00 to $555.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Bank of America lowered their target price on shares of Moody’s from $580.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Finally, Rothschild & Co Redburn upped their price target on shares of Moody’s from $510.00 to $520.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $552.63.
Check Out Our Latest Stock Report on Moody’s
Hedge Funds Weigh In On Moody’s
A number of institutional investors have recently bought and sold shares of the business. Silver Grove Financial Group Inc. increased its holdings in shares of Moody’s by 20.3% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 361 shares of the business services provider’s stock worth $164,000 after acquiring an additional 61 shares during the last quarter. AMG National Trust Bank bought a new stake in Moody’s in the 3rd quarter valued at $263,000. Moneco Advisors LLC raised its stake in Moody’s by 3.4% in the 3rd quarter. Moneco Advisors LLC now owns 1,079 shares of the business services provider’s stock valued at $490,000 after acquiring an additional 35 shares during the period. Lido Advisors LLC increased its holdings in shares of Moody’s by 20.6% in the third quarter. Lido Advisors LLC now owns 16,986 shares of the business services provider’s stock valued at $7,714,000 after purchasing an additional 2,905 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of Moody’s by 10.9% in the third quarter. D Orazio & Associates Inc. now owns 785 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
Moody’s Company Profile
Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, analytics and risk-management solutions. Through Moody’s Investors Service, the company assigns credit ratings and publishes research on corporate, government and structured-finance debt issuers, helping investors and other market participants evaluate credit risk.
Through Moody’s Analytics, the company provides financial intelligence, economic research, data, software and advisory services. Its offerings support credit analysis, lending, portfolio management, enterprise risk management, compliance and related functions across financial institutions, corporations, governments and other organizations.
Moody’s traces its origins to 1909, when John Moody established the company that introduced published credit ratings for bonds.
Read More
- Five stocks we like better than Moody’s
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.
