Moody's Co. (MCO) Director Sells $80,480.00 in Stock

Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $160.96, for a total value of $80,480.00. Following the sale, the director now owns 21,944 shares of the company’s stock, valued at $3,532,106.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MCO stock opened at $162.23 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48. The stock has a market capitalization of $31,007.89, a P/E ratio of 27.00, a PEG ratio of 1.83 and a beta of 1.26. Moody's Co. has a 1-year low of $111.94 and a 1-year high of $171.68.

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Moody's (NYSE:MCO) last released its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.06. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. sell-side analysts anticipate that Moody's Co. will post 7.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is 29.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of MCO. The Manufacturers Life Insurance Company grew its stake in Moody's by 213.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 960,801 shares of the business services provider’s stock valued at $141,824,000 after purchasing an additional 654,589 shares during the last quarter. Renaissance Technologies LLC grew its stake in Moody's by 136.7% in the fourth quarter. Renaissance Technologies LLC now owns 466,500 shares of the business services provider’s stock valued at $68,860,000 after purchasing an additional 269,400 shares during the last quarter. BlackRock Inc. grew its stake in Moody's by 2.2% in the fourth quarter. BlackRock Inc. now owns 10,557,911 shares of the business services provider’s stock valued at $1,558,454,000 after purchasing an additional 228,277 shares during the last quarter. Mackenzie Financial Corp grew its stake in Moody's by 71.5% in the fourth quarter. Mackenzie Financial Corp now owns 508,342 shares of the business services provider’s stock valued at $75,036,000 after purchasing an additional 211,895 shares during the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new position in Moody's in the fourth quarter valued at about $29,471,000. Institutional investors own 88.50% of the company’s stock.

Several research firms have recently weighed in on MCO. Argus lifted their target price on Moody's to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Barclays lifted their price objective on Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Cantor Fitzgerald lifted their price objective on Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Credit Suisse Group restated a “neutral” rating and issued a $187.00 price objective (up from $161.00) on shares of Moody's in a report on Monday, February 12th. Finally, Wells Fargo set a $160.00 price objective on Moody's and gave the company a “market perform” rating in a report on Monday, February 12th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $163.50.

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Moody's Company Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

Insider Buying and Selling by Quarter for Moody's (NYSE:MCO)

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