Insider Selling: Moody’s Corp. (MCO) Insider Sells 1,970 Shares of 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 sale, the insider now owns 41,074 shares in the company, valued at $4,451,189.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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 109.28 on Tuesday. Moody’s Corp. has a 52-week low of $77.76 and a 52-week high of $110.83. The company has a market capitalization of $21.01 billion, a PE ratio of 24.40 and a beta of 1.35. The firm’s 50-day moving average is $107.66 and its 200-day moving average is $100.58.
Moody’s Corp. (NYSE:MCO) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $928.90 million for the quarter, compared to analysts’ expectations of $909.08 million. Moody’s Corp. had a negative return on equity of 273.01% and a net margin of 25.81%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 EPS. On average, equities research analysts forecast that Moody’s Corp. will post $4.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 18th. Moody’s Corp.’s payout ratio is 33.18%.
Several analysts have commented on MCO shares. Barclays PLC restated an “overweight” rating and set a $95.00 target price on shares of Moody’s Corp. in a report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Moody’s Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 15th. Cantor Fitzgerald reiterated a “hold” rating and issued a $96.00 price objective on shares of Moody’s Corp. in a report on Friday, July 22nd. Morgan Stanley set a $112.00 price objective on shares of Moody’s Corp. and gave the company a “buy” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $112.00 price objective (up from $104.00) on shares of Moody’s Corp. in a report on Friday. Eight 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 stock. Moody’s Corp. currently has a consensus rating of “Hold” and a consensus price target of $108.23.
Several institutional investors have recently bought and sold shares of MCO. Macquarie Group Ltd. boosted its position in Moody’s Corp. by 23.4% in the second quarter. Macquarie Group Ltd. now owns 185,803 shares of the company’s stock worth $17,411,000 after buying an additional 35,229 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Moody’s Corp. during the second quarter worth about $640,000. Kentucky Retirement Systems acquired a new position in Moody’s Corp. during the second quarter worth about $1,347,000. Mason Street Advisors LLC acquired a new position in Moody’s Corp. during the second quarter worth about $2,134,000. Finally, Royal Bank of Canada boosted its position in Moody’s Corp. by 2.1% in the second quarter. Royal Bank of Canada now owns 245,242 shares of the company’s stock worth $22,983,000 after buying an additional 5,136 shares during the last quarter. Hedge funds and other institutional investors own 86.91% of the company’s stock.
Moody’s Corp. 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 outsourced research and analytical services to financial institution customers.
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