Moody's Co. (MCO) EVP Sells $5,839,500.00 in Stock
Moody's Co. (NYSE:MCO) EVP John J. Goggins sold 50,000 shares of Moody's Co. stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $116.79, for a total value of $5,839,500.00. Following the completion of the sale, the executive vice president now directly owns 106,221 shares of the company’s stock, valued at approximately $12,405,550.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Moody's Co. (MCO) opened at 118.86 on Tuesday. The firm has a 50-day moving average price of $116.62 and a 200 day moving average price of $108.04. The company has a market cap of $22.74 billion, a P/E ratio of 54.08 and a beta of 1.30. Moody's Co. has a 52 week low of $87.30 and a 52 week high of $119.99.
Moody's Co. (NYSE:MCO) last issued its quarterly earnings results on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.23. Moody's Co. had a negative return on equity of 260.34% and a net margin of 25.88%. The business had revenue of $975.20 million during the quarter, compared to analysts’ expectations of $914.27 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts expect that Moody's Co. will post $5.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 22nd will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 18th. Moody's Co.’s dividend payout ratio is currently 31.97%.
Several hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in Moody's Co. during the third quarter valued at about $162,000. Verition Fund Management LLC acquired a new stake in Moody's Co. during the third quarter valued at about $1,275,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in Moody's Co. during the third quarter valued at about $313,000. Quantum Capital Management LLC NJ boosted its stake in Moody's Co. by 9.9% in the third quarter. Quantum Capital Management LLC NJ now owns 28,369 shares of the business services provider’s stock valued at $3,072,000 after buying an additional 2,552 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in Moody's Co. during the third quarter valued at about $3,545,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.
Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Moody's Co. from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Barclays PLC reissued a “hold” rating and issued a $118.00 price objective on shares of Moody's Co. in a report on Thursday, April 27th. Cantor Fitzgerald reissued a “hold” rating and issued a $116.00 price objective on shares of Moody's Co. in a report on Monday, May 8th. BMO Capital Markets reissued a “hold” rating and issued a $124.00 price objective on shares of Moody's Co. in a report on Wednesday, April 26th. Finally, TheStreet lowered Moody's Co. from a “b-” rating to a “c” rating in a report on Friday, February 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Moody's Co. presently has an average rating of “Hold” and an average price target of $117.57.
Moody's Co. 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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