Moody’s Corporation (NYSE:MCO – Get Free Report) CEO Robert Fauber sold 923 shares of Moody’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $455.00, for a total value of $419,965.00. Following the completion of the transaction, the chief executive officer owned 51,364 shares in the company, valued at $23,370,620. The trade was a 1.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Fauber also recently made the following trade(s):
- On Monday, August 3rd, Robert Fauber sold 1,467 shares of Moody’s stock. The stock was sold at an average price of $484.30, for a total value of $710,468.10.
Moody’s Stock Performance
Moody’s stock opened at $441.40 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.19. Moody’s Corporation has a 12 month low of $402.28 and a 12 month high of $546.88. The company has a market cap of $76.45 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.30 and a beta of 1.35. The stock’s 50-day moving average is $481.44 and its 200-day moving average is $464.76.
Moody’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 14th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 14th. Moody’s’s dividend payout ratio (DPR) is currently 26.13%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Rothschild & Co Redburn set a $500.00 price target on Moody’s in a report on Thursday, June 18th. BMO Capital Markets upped their target price on Moody’s from $489.00 to $515.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 7th. Robert W. Baird increased their target price on Moody’s from $557.00 to $572.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price target on Moody’s from $530.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Morgan Stanley set a $512.00 price target on Moody’s in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Moody’s currently has a consensus rating of “Moderate Buy” and an average target price of $555.12.
View Our Latest Stock Analysis on Moody’s
Institutional Investors Weigh In On Moody’s
A number of hedge funds have recently bought and sold shares of the business. CX Institutional raised its position in shares of Moody’s by 6.3% in the 3rd quarter. CX Institutional now owns 1,217 shares of the business services provider’s stock valued at $553,000 after purchasing an additional 72 shares in the last quarter. Montecito Bank & Trust grew its position in shares of Moody’s by 4.0% during the third quarter. Montecito Bank & Trust now owns 784 shares of the business services provider’s stock worth $356,000 after buying an additional 30 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Moody’s by 7.9% in the second quarter. QRG Capital Management Inc. now owns 19,434 shares of the business services provider’s stock worth $8,802,000 after buying an additional 1,429 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Moody’s by 8.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,687 shares of the business services provider’s stock valued at $3,029,000 after acquiring an additional 494 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in Moody’s by 73.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,800 shares of the business services provider’s stock valued at $815,000 after acquiring an additional 764 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.
About Moody’s
Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, and analytical tools. Through Moody’s Ratings, the company evaluates the creditworthiness of companies, governments, financial institutions, and structured finance securities, offering opinions and research used by investors, issuers, and other market participants.
Through Moody’s Analytics, the company provides financial intelligence, economic research, risk assessment tools, data, and software. Its products support credit and market risk management, compliance, portfolio analysis, lending, insurance, and corporate planning.
Moody’s traces its origins to 1909, when John Moody published an analysis of railroad securities.
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