Moody's Corporation (NYSE:MCO - Get Free Report) CEO Robert Fauber sold 1,467 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $484.30, for a total value of $710,468.10. Following the sale, the chief executive officer directly owned 51,964 shares of the company's stock, valued at approximately $25,166,165.20. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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, June 1st, Robert Fauber sold 1,467 shares of Moody's stock. The stock was sold at an average price of $453.67, for a total transaction of $665,533.89.
Moody's Stock Performance
Shares of MCO opened at $483.33 on Wednesday. The firm has a market cap of $83.71 billion, a P/E ratio of 30.65, a PEG ratio of 2.39 and a beta of 1.33. Moody's Corporation has a twelve month low of $402.28 and a twelve month high of $546.88. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The firm's 50 day moving average price is $470.30 and its two-hundred day moving average price is $461.90.
Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.42. Moody's had a net margin of 34.25% and a return on equity of 80.35%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $3.56 earnings per share. The firm's revenue was up 15.1% compared to the same quarter last year. Moody's has set its FY 2026 guidance at 16.500-17.000 EPS. On average, analysts forecast that Moody's Corporation will post 16.89 EPS for the current fiscal year.
Moody's Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 14th. Moody's's dividend payout ratio is 26.13%.
Hedge Funds Weigh In On Moody's
Large investors have recently modified their holdings of the business. Tema ETFs LLC raised its holdings in Moody's by 0.8% during the second quarter. Tema ETFs LLC now owns 5,338 shares of the business services provider's stock worth $2,418,000 after acquiring an additional 43 shares in the last quarter. Matrix Trust Co grew its stake in Moody's by 21.7% in the second quarter. Matrix Trust Co now owns 1,680 shares of the business services provider's stock valued at $761,000 after purchasing an additional 299 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Moody's by 15.3% in the second quarter. Valeo Financial Advisors LLC now owns 951 shares of the business services provider's stock valued at $431,000 after purchasing an additional 126 shares in the last quarter. Trust Point Inc. increased its position in shares of Moody's by 9.3% during the 2nd quarter. Trust Point Inc. now owns 598 shares of the business services provider's stock worth $271,000 after purchasing an additional 51 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Moody's during the 2nd quarter worth approximately $45,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Moody's from $530.00 to $600.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Barclays lifted their target price on Moody's from $550.00 to $575.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Morgan Stanley set a $512.00 target price on Moody's in a research note on Wednesday, July 22nd. Citigroup reaffirmed a "buy" rating on shares of Moody's in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group initiated coverage on shares of Moody's in a research note on Friday, July 17th. They set a "buy" rating and a $610.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $553.61.
View Our Latest Report on Moody's
Moody's Company Profile
(
Get Free Report)
Moody's Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody's is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody's operates primarily through two complementary businesses.
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