Insider Selling: Moody’s Corp. (MCO) Insider Sells $213,488.90 in Stock
Moody’s Corp. (NYSE:MCO) insider Robert Fauber sold 1,970 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $108.37, for a total transaction of $213,488.90. Following the transaction, the insider now owns 41,074 shares of the company’s stock, valued at approximately $4,451,189.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Robert Fauber also recently made the following trade(s):
- On Wednesday, August 31st, Robert Fauber sold 3,310 shares of Moody’s Corp. stock. The stock was sold at an average price of $107.90, for a total transaction of $357,149.00.
- On Monday, August 8th, Robert Fauber sold 17,796 shares of Moody’s Corp. stock. The stock was sold at an average price of $104.78, for a total transaction of $1,864,664.88.
Moody’s Corp. (NYSE:MCO) opened at 108.86 on Friday. The firm’s 50-day moving average is $108.02 and its 200-day moving average is $100.78. Moody’s Corp. has a 12-month low of $77.76 and a 12-month high of $110.83. The stock has a market capitalization of $20.93 billion, a P/E ratio of 24.31 and a beta of 1.35.
Moody’s Corp. (NYSE:MCO) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The firm earned $928.90 million during the quarter, compared to analyst estimates of $909.08 million. Moody’s Corp. had a negative return on equity of 273.01% and a net margin of 25.81%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Analysts predict that Moody’s Corp. will post $4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, August 18th. Moody’s Corp.’s dividend payout ratio (DPR) is presently 33.18%.
Several analysts have recently weighed in on the stock. Barclays PLC lowered their price objective on shares of Moody’s Corp. from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, August 23rd. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody’s Corp. in a research note on Friday, August 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $112.00 price objective (up previously from $104.00) on shares of Moody’s Corp. in a research note on Friday, September 30th. Credit Suisse Group AG assumed coverage on shares of Moody’s Corp. in a research note on Monday, July 11th. They issued a “neutral” rating and a $99.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $114.00 price objective on shares of Moody’s Corp. in a research note on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.29.
Several hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in Moody’s Corp. by 153.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,597,087 shares of the company’s stock worth $430,793,000 after buying an additional 2,785,852 shares during the period. Emerald Acquisition Ltd. bought a new stake in Moody’s Corp. during the second quarter worth $148,773,000. Franklin Resources Inc. raised its stake in Moody’s Corp. by 292.4% in the second quarter. Franklin Resources Inc. now owns 1,264,099 shares of the company’s stock worth $118,445,000 after buying an additional 941,953 shares during the period. Marshall Wace LLP raised its stake in Moody’s Corp. by 83.0% in the second quarter. Marshall Wace LLP now owns 1,209,496 shares of the company’s stock worth $113,341,000 after buying an additional 548,714 shares during the period. Finally, Bank of Montreal Can bought a new stake in Moody’s Corp. during the second quarter worth $50,649,000. 86.91% of the stock is owned by hedge funds and other institutional investors.
About Moody’s Corp.
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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