Moody's Co. (NYSE:MCO) SVP Michael S. Crimmins sold 486 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $167.12, for a total value of $81,220.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Moody's Co. (MCO) traded down $2.39 during trading hours on Wednesday, hitting $166.69. The stock had a trading volume of 690,083 shares, compared to its average volume of 953,592. The company has a market cap of $31,850.00, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of -44.48. Moody's Co. has a 1 year low of $110.11 and a 1 year high of $171.68.
Moody's (NYSE:MCO) last released its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Moody's had a negative return on equity of 319.45% and a net margin of 23.80%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. analysts expect that Moody's Co. will post 7.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 16th. Moody's’s dividend payout ratio is presently 45.36%.
Large investors have recently added to or reduced their stakes in the company. Bredin Investment LLC bought a new stake in shares of Moody's during the 4th quarter worth $601,000. Wells Fargo & Company MN lifted its position in shares of Moody's by 15.1% during the 3rd quarter. Wells Fargo & Company MN now owns 383,359 shares of the business services provider’s stock worth $53,367,000 after buying an additional 50,364 shares during the last quarter. LMR Partners LLP lifted its position in shares of Moody's by 149.9% during the 4th quarter. LMR Partners LLP now owns 13,505 shares of the business services provider’s stock worth $1,993,000 after buying an additional 8,100 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Moody's during the 3rd quarter worth $9,351,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Moody's by 92.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 247,870 shares of the business services provider’s stock worth $34,357,000 after buying an additional 119,047 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.
Several analysts recently issued reports on the company. Credit Suisse Group restated a “neutral” rating and issued a $187.00 price target (up from $161.00) on shares of Moody's in a research note on Monday, February 12th. Cantor Fitzgerald boosted their price target on Moody's from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. BMO Capital Markets boosted their price target on Moody's from $159.00 to $161.00 and gave the company a “market perform” rating in a research note on Friday, February 9th. Barclays boosted their price target on Moody's from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Finally, Argus boosted their price target on Moody's to $190.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $163.50.
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.
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