Moody’s Corp. (NYSE:MCO)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $92.79, but opened at $92.97. Moody’s Corp. shares last traded at $93.82, with a volume of 431,833 shares.

A number of brokerages have recently commented on MCO. Zacks Investment Research upgraded Moody’s Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Barclays PLC restated an “overweight” rating and set a $95.00 price objective on shares of Moody’s Corp. in a report on Tuesday, June 28th. BMO Capital Markets began coverage on Moody’s Corp. in a report on Tuesday, April 12th. They set a “market perform” rating and a $101.00 price objective for the company. Finally, Argus restated a “buy” rating on shares of Moody’s Corp. in a report on Monday, May 16th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $103.05.

The stock has a market capitalization of $18.31 billion and a price-to-earnings ratio of 21.15. The firm’s 50 day moving average price is $96.67 and its 200 day moving average price is $93.74.

Moody’s Corp. (NYSE:MCO) last posted its quarterly earnings results on Friday, April 29th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.07 by $0.14. The company earned $816.10 million during the quarter, compared to analysts’ expectations of $862.31 million. During the same period in the previous year, the company posted $1.11 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts predict that Moody’s Corp. will post $4.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were issued a $0.37 dividend. The ex-dividend date was Wednesday, May 18th. This represents a $1.48 annualized dividend and a dividend yield of 1.57%.

In related news, SVP Lisa Westlake sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $95.00, for a total value of $760,000.00. Following the completion of the sale, the senior vice president now owns 36,645 shares of the company’s stock, valued at $3,481,275. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Blair Worrall sold 1,600 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $93.00, for a total value of $148,800.00. Following the completion of the sale, the senior vice president now directly owns 10,832 shares of the company’s stock, valued at approximately $1,007,376. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in Moody’s Corp. by 30.9% in the fourth quarter. Victory Capital Management Inc. now owns 10,624 shares of the company’s stock valued at $1,066,000 after buying an additional 2,509 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Moody’s Corp. by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,238 shares of the company’s stock valued at $1,128,000 after buying an additional 42 shares in the last quarter. Tredje AP fonden boosted its stake in Moody’s Corp. by 0.8% in the fourth quarter. Tredje AP fonden now owns 12,079 shares of the company’s stock valued at $1,212,000 after buying an additional 93 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Moody’s Corp. by 59.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 12,336 shares of the company’s stock valued at $1,238,000 after buying an additional 4,597 shares in the last quarter. Finally, GAM Holding AG boosted its stake in Moody’s Corp. by 3.1% in the fourth quarter. GAM Holding AG now owns 14,248 shares of the company’s stock valued at $1,430,000 after buying an additional 428 shares in the last quarter.

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 outsourced research and analytical services to financial institution customers.

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