Moody’s Corp. (NYSE:MCO) announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Monday, November 21st will be paid a dividend of 0.37 per share on Monday, December 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.37%.

Shares of Moody’s Corp. (NYSE:MCO) traded up 1.03% during midday trading on Tuesday, reaching $107.80. 1,252,523 shares of the company’s stock were exchanged. The stock has a market cap of $20.72 billion, a price-to-earnings ratio of 24.07 and a beta of 1.35. The firm has a 50 day moving average of $108.51 and a 200-day moving average of $101.46. Moody’s Corp. has a one year low of $77.76 and a one year high of $110.83.

Moody’s Corp. (NYSE:MCO) last announced its earnings results on Friday, July 22nd. The company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.03. Moody’s Corp. had a net margin of 25.81% and a negative return on equity of 273.01%. The business earned $928.90 million during the quarter, compared to the consensus estimate of $909.08 million. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Moody’s Corp. will post $4.63 earnings per share for the current year.

Dividend History for Moody`s Corp. (NYSE:MCO)

A number of equities analysts have weighed in on the stock. Barclays PLC decreased their target price 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 set a $105.00 price target on shares of Moody’s Corp. and gave the company a “hold” rating in a report on Thursday, September 29th. Argus increased their price target on shares of Moody’s Corp. from $110.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Zacks Investment Research cut shares of Moody’s Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 7th. Finally, Credit Suisse Group AG assumed coverage on shares of Moody’s Corp. in a report on Monday, July 11th. They set a “neutral” rating and a $99.00 price target on the stock. Seven equities research 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 an average rating of “Hold” and an average price target of $108.77.

In other news, SVP Lisa Westlake sold 730 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $107.50, for a total transaction of $78,475.00. Following the sale, the senior vice president now directly owns 24,265 shares in the company, valued at approximately $2,608,487.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Linda Huber sold 44,500 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $105.00, for a total transaction of $4,672,500.00. Following the sale, the vice president now owns 101,059 shares in the company, valued at $10,611,195. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Moody’s Corp. during the second quarter valued at approximately $196,000. Bank of Nova Scotia increased its stake in shares of Moody’s Corp. by 5.9% in the second quarter. Bank of Nova Scotia now owns 3,410 shares of the company’s stock valued at $320,000 after buying an additional 190 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Moody’s Corp. by 9.9% in the second quarter. Pacer Advisors Inc. now owns 3,419 shares of the company’s stock valued at $320,000 after buying an additional 309 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Moody’s Corp. by 14.6% in the second quarter. Wetherby Asset Management Inc. now owns 3,957 shares of the company’s stock valued at $371,000 after buying an additional 503 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Moody’s Corp. by 8.6% in the second quarter. Profund Advisors LLC now owns 4,256 shares of the company’s stock valued at $399,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 86.89% 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.

5 Day Chart for NYSE:MCO

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