Key Points
- Moody’s CEO Robert Fauber sold 1,743 shares for about $890,000 at an average price of $510.75, under a pre-arranged Rule 10b5-1 plan. He retained 51,364 shares after the sale.
- Moody’s latest quarterly results missed analyst expectations: EPS was $4.14 versus $4.25 forecast, and revenue was $2.02 billion versus $2.08 billion expected, though revenue rose 0.8% year over year.
- Analysts have a consensus “Moderate Buy” rating and an average price target of $552.63; Moody’s also announced a quarterly dividend of $1.03 per share.
Moody's Corporation (NYSE:MCO - Get Free Report) CEO Robert Fauber sold 1,743 shares of the company's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $510.75, for a total value of $890,237.25. Following the completion of the sale, the chief executive officer owned 51,364 shares of the company's stock, valued at approximately $26,234,163. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Fauber also recently made the following trade(s):
- On Thursday, October 1st, Robert Fauber sold 923 shares of Moody's stock. The stock was sold at an average price of $455.00, for a total value of $419,965.00.
Moody's Stock Down 0.2%
NYSE MCO opened at $510.05 on Wednesday. The business's fifty day simple moving average is $477.43 and its 200-day simple moving average is $466.92. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.86. The firm has a market cap of $87.93 billion, a PE ratio of 31.08, a P/E/G ratio of 2.72 and a beta of 1.30. Moody's Corporation has a 52 week low of $402.28 and a 52 week high of $546.88.
Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the prior year, the company posted $3.92 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that Moody's Corporation will post 16.76 earnings per share for the current year.
Moody's Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 20th. Moody's's payout ratio is presently 25.11%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of MCO. Nykredit A S acquired a new position in shares of Moody's in the 2nd quarter worth approximately $37,897,000. National Pension Service boosted its position in shares of Moody's by 0.3% during the 2nd quarter. National Pension Service now owns 500,927 shares of the business services provider's stock worth $226,880,000 after purchasing an additional 1,634 shares during the period. AXQ Capital LP purchased a new position in shares of Moody's during the 2nd quarter worth approximately $1,083,000. Edgestream Partners L.P. boosted its position in shares of Moody's by 806.7% during the 1st quarter. Edgestream Partners L.P. now owns 9,239 shares of the business services provider's stock worth $4,031,000 after purchasing an additional 8,220 shares during the period. Finally, Jasper Ridge Partners L.P. acquired a new stake in Moody's in the 2nd quarter valued at approximately $4,483,000. Institutional investors and hedge funds own 92.11% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Moody's from $597.00 to $595.00 and set an "overweight" rating for the company in a report on Thursday, October 22nd. Citigroup reiterated a "buy" rating and issued a $600.00 price objective (up from $565.00) on shares of Moody's in a report on Wednesday, July 29th. Mizuho increased their price objective on Moody's from $521.00 to $530.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Morgan Stanley increased their price objective on Moody's from $470.00 to $480.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. cut their target price on Moody's from $570.00 to $555.00 and set an "overweight" rating for the company in a research note on Wednesday, October 14th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $552.63.
Read Our Latest Report on Moody's
About Moody's
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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.
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