Moody's Corporation (NYSE:MCO - Get Free Report) CEO Michael West sold 185 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $506.88, for a total value of $93,772.80. Following the completion of the transaction, the chief executive officer owned 8,374 shares in the company, valued at approximately $4,244,613.12. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Moody's Stock Performance
NYSE MCO opened at $503.29 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.29 and a quick ratio of 1.29. Moody's Corporation has a 1-year low of $402.28 and a 1-year high of $546.88. The firm has a market capitalization of $86.77 billion, a P/E ratio of 30.67, a P/E/G ratio of 2.61 and a beta of 1.30. The business's 50-day simple moving average is $477.21 and its 200-day simple moving average is $467.33.
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 (EPS) for the quarter, missing analysts' consensus estimates of $4.25 by ($0.11). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.08 billion. Moody's had a return on equity of 84.76% and a net margin of 35.26%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company posted $3.92 EPS. Equities analysts predict that Moody's Corporation will post 16.73 EPS for the current year.
Moody's Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 20th. Moody's's payout ratio is 25.11%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on MCO. BMO Capital Markets increased their price objective on shares of Moody's from $490.00 to $511.00 and gave the stock a "market perform" rating in a research report on Thursday, October 22nd. Royal Bank Of Canada reduced their target price on shares of Moody's from $610.00 to $575.00 and set an "outperform" rating on the stock in a report on Friday, October 16th. Daiwa Securities Group lifted their target price on shares of Moody's from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Moody's from $587.00 to $594.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus lowered their price target on Moody's from $550.00 to $537.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $552.63.
View Our Latest Stock Analysis on MCO
Hedge Funds Weigh In On Moody's
Several hedge funds and other institutional investors have recently bought and sold shares of MCO. Bank of New York Mellon Corp grew its position in Moody's by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 2,349,281 shares of the business services provider's stock valued at $1,024,874,000 after acquiring an additional 72,043 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Moody's by 2.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,420,099 shares of the business services provider's stock worth $643,191,000 after purchasing an additional 33,024 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Moody's by 72.5% during the first quarter. Principal Financial Group Inc. now owns 1,081,807 shares of the business services provider's stock worth $471,963,000 after purchasing an additional 454,684 shares in the last quarter. Amundi lifted its position in shares of Moody's by 20.0% during the second quarter. Amundi now owns 1,011,495 shares of the business services provider's stock worth $458,126,000 after purchasing an additional 168,528 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Moody's by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 882,973 shares of the business services provider's stock valued at $385,188,000 after purchasing an additional 59,121 shares during the period. 92.11% of the stock is owned by institutional investors and hedge funds.
Moody's Company Profile
(
Get Free Report)
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.
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