Moody’s Corp. (MCO) SVP Sells $118,665.15 in Stock
Moody’s Corp. (NYSE:MCO) SVP Lisa Westlake sold 1,095 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 $118,665.15. Following the sale, the senior vice president now directly owns 23,170 shares of the company’s stock, valued at approximately $2,510,932.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Lisa Westlake also recently made the following trade(s):
- On Tuesday, August 30th, Lisa Westlake sold 730 shares of Moody’s Corp. stock. The stock was sold at an average price of $107.50, for a total transaction of $78,475.00.
- On Monday, August 8th, Lisa Westlake sold 3,650 shares of Moody’s Corp. stock. The stock was sold at an average price of $104.81, for a total transaction of $382,556.50.
Moody’s Corp. (NYSE:MCO) opened at 109.28 on Tuesday. The firm’s 50-day moving average price is $107.66 and its 200 day moving average price is $100.58. 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.
Moody’s Corp. (NYSE:MCO) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Moody’s Corp. had a negative return on equity of 273.01% and a net margin of 25.81%. The firm earned $928.90 million during the quarter, compared to the consensus estimate of $909.08 million. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Moody’s Corp. will post $4.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 22nd were given a $0.37 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.48 annualized dividend and a yield of 1.35%. Moody’s Corp.’s payout ratio is currently 33.18%.
A number of hedge funds have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. bought a new stake in shares of Moody’s Corp. during the first quarter valued at $103,000. Ropes Wealth Advisors LLC increased its stake in shares of Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Moody’s Corp. during the second quarter valued at $190,000. Pinkerton Retirement Specialists LLC bought a new stake in shares of Moody’s Corp. during the second quarter valued at $196,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Moody’s Corp. during the second quarter valued at $208,000. Hedge funds and other institutional investors own 86.91% of the company’s stock.
Several brokerages have recently commented on MCO. BMO Capital Markets reaffirmed a “market perform” rating and set a $112.00 price objective (up previously from $104.00) on shares of Moody’s Corp. in a research report on Friday. Cantor Fitzgerald set a $105.00 price objective on shares of Moody’s Corp. and gave the stock a “hold” rating in a research report on Thursday, September 29th. Barclays PLC raised their price objective on shares of Moody’s Corp. from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 21st. Argus raised their price objective on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley set a $112.00 price objective on shares of Moody’s Corp. and gave the stock a “buy” rating in a research report on Friday, August 5th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $108.23.
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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