Moody’s Corporation (NYSE:MCO – Get Free Report) insider Jason Phillips sold 95 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $519.33, for a total transaction of $49,336.35. Following the completion of the sale, the insider directly owned 1,799 shares of the company’s stock, valued at approximately $934,274.67. This trade represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Moody’s Trading Down 1.8%
MCO traded down $9.45 during trading on Friday, hitting $505.89. 682,436 shares of the stock were exchanged, compared to its average volume of 1,054,941. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50 day simple moving average of $477.51 and a 200 day simple moving average of $467.15. The firm has a market cap of $87.22 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 2.73 and a beta of 1.30. Moody’s Corporation has a 1 year low of $402.28 and a 1 year high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last posted its earnings results on Wednesday, October 21st. The business services provider reported $4.14 earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($0.11). Moody’s had a return on equity of 84.76% and a net margin of 35.26%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the company earned $3.92 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities analysts expect that Moody’s Corporation will post 16.73 EPS for the current year.
Moody’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, November 20th. Moody’s’s payout ratio is presently 25.11%.
Hedge Funds Weigh In On Moody’s
A number of institutional investors have recently modified their holdings of the stock. Kenora Financial LLC grew its holdings in Moody’s by 1.5% during the third quarter. Kenora Financial LLC now owns 1,534 shares of the business services provider’s stock worth $697,000 after acquiring an additional 22 shares during the period. Resolute Wealth Strategies LLC raised its position in Moody’s by 3.8% during the first quarter. Resolute Wealth Strategies LLC now owns 623 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 23 shares in the last quarter. Goelzer Investment Management Inc. lifted its holdings in Moody’s by 1.2% in the third quarter. Goelzer Investment Management Inc. now owns 1,949 shares of the business services provider’s stock valued at $885,000 after acquiring an additional 23 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in Moody’s by 2.4% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,076 shares of the business services provider’s stock valued at $489,000 after acquiring an additional 25 shares during the period. Finally, Matrix Trust Co boosted its position in Moody’s by 1.5% in the 3rd quarter. Matrix Trust Co now owns 1,706 shares of the business services provider’s stock worth $775,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Wall Street Analyst Weigh In
MCO has been the subject of a number of research reports. Barclays lifted their price target on Moody’s from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. UBS Group reissued a “neutral” rating and issued a $505.00 price objective (up from $490.00) on shares of Moody’s in a report on Thursday, July 23rd. Weiss Ratings raised Moody’s from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. decreased their target price on Moody’s from $570.00 to $555.00 and set an “overweight” rating for the company in a report on Wednesday, October 14th. Finally, Jefferies Financial Group lowered Moody’s to a “neutral” rating and set a $560.00 target price on the stock. in a research report on Friday, October 16th. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and an average price target of $552.63.
View Our Latest Research Report on Moody’s
About Moody’s
Moody’s Corporation is a global provider of credit ratings, research, data and risk-analysis services. Through Moody’s Investors Service, it assesses the creditworthiness of businesses, governments and financial instruments, providing ratings and related research to investors and other market participants.
Its Moody’s Analytics business offers data, software and analytical tools used in areas such as credit and financial risk management, compliance, and economic research. The company serves clients across international markets, including financial institutions, corporations, governments and investors.
The company traces its roots to 1900, when John Moody began publishing financial analyses of railroad securities.
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