Moody’s Corp. (NYSE:MCO)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $101.32, but opened at $101.72. Moody’s Corp. shares last traded at $102.66, with a volume of 497,764 shares traded.

MCO has been the topic of several research analyst reports. Barclays PLC restated an “overweight” rating and set a $95.00 price objective on shares of Moody’s Corp. in a research note on Tuesday, June 28th. Zacks Investment Research upgraded Moody’s Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Morgan Stanley restated a “buy” rating on shares of Moody’s Corp. in a research note on Monday, April 11th. Argus restated a “buy” rating on shares of Moody’s Corp. in a research note on Monday, May 16th. Finally, Credit Suisse Group AG initiated coverage on Moody’s Corp. in a research note on Monday, July 11th. They set a “neutral” rating and a $99.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $102.68.

The company has a market cap of $20.08 billion and a PE ratio of 23.20. The firm has a 50 day moving average of $97.52 and a 200 day moving average of $93.81.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 22nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, August 18th.

In other news, Director Darrell Duffie sold 500 shares of Moody’s Corp. stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $91.94, for a total transaction of $45,970.00. Following the sale, the director now owns 22,090 shares of the company’s stock, valued at approximately $2,030,954.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lisa Westlake sold 8,000 shares of Moody’s Corp. 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 sale, the senior vice president now directly owns 36,645 shares in the company, valued at approximately $3,481,275. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in MCO. Victory Capital Management Inc. raised its stake in shares of 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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 during the last quarter. Tredje AP fonden raised its stake in shares of 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 during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of 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 raised its stake in shares of 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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