Moody’s Co. (NYSE:MCO) insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $266.95, for a total transaction of $993,320.95. Following the sale, the insider now directly owns 49,591 shares of the company’s stock, valued at $13,238,317.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Moody’s stock opened at $277.83 on Friday. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.42 and a quick ratio of 1.42. Moody’s Co. has a fifty-two week low of $166.01 and a fifty-two week high of $278.00. The firm has a fifty day moving average price of $253.86 and a two-hundred day moving average price of $226.77. The company has a market cap of $51.77 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 2.97 and a beta of 1.21.
Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Analysts expect that Moody’s Co. will post 8.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 25th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Moody’s’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 0.81%. Moody’s’s dividend payout ratio (DPR) is 27.06%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in shares of Moody’s during the 3rd quarter worth approximately $145,000. Fox Run Management L.L.C. purchased a new position in Moody’s in the 3rd quarter valued at approximately $216,000. Wealthfront Advisers LLC increased its stake in Moody’s by 2.5% in the 3rd quarter. Wealthfront Advisers LLC now owns 3,588 shares of the business services provider’s stock valued at $735,000 after purchasing an additional 88 shares in the last quarter. DNB Asset Management AS raised its holdings in Moody’s by 5.9% during the third quarter. DNB Asset Management AS now owns 18,592 shares of the business services provider’s stock worth $3,808,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Moody’s by 13.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,149 shares of the business services provider’s stock worth $2,283,000 after purchasing an additional 1,357 shares during the last quarter. Hedge funds and other institutional investors own 90.50% of the company’s stock.
Several research analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Moody’s in a report on Thursday, October 31st. BMO Capital Markets restated an “outperform” rating and set a $294.00 price target on shares of Moody’s in a report on Thursday. Zacks Investment Research raised Moody’s from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research report on Wednesday, November 20th. Barclays reiterated a “buy” rating and issued a $260.00 price objective on shares of Moody’s in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their price objective on Moody’s from $266.00 to $279.00 and gave the stock a “hold” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Moody’s currently has an average rating of “Buy” and a consensus target price of $251.64.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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