Moody’s Corporation (MCO) EVP Sells $5,839,500.00 in Stock
Moody’s Corporation (NYSE:MCO) EVP John J. Goggins sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $116.79, for a total transaction of $5,839,500.00. Following the completion of the sale, the executive vice president now owns 106,221 shares of the company’s stock, valued at approximately $12,405,550.59. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Moody’s Corporation (MCO) opened at 120.06 on Friday. Moody’s Corporation has a 1-year low of $87.30 and a 1-year high of $122.99. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 54.62 and a beta of 1.25. The company has a 50-day moving average of $117.45 and a 200-day moving average of $109.52.
Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, May 5th. The business services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.23. Moody’s Corporation had a negative return on equity of 167.79% and a net margin of 11.37%. The business had revenue of $975.20 million for the quarter, compared to analysts’ expectations of $914.27 million. During the same period last year, the business earned $0.93 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts predict that Moody’s Corporation will post $5.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Monday, May 22nd were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, May 18th. Moody’s Corporation’s dividend payout ratio (DPR) is presently 70.05%.
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A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Morgan Stanley increased their price target on shares of Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. BidaskClub lowered shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barclays PLC restated a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a research note on Thursday, April 27th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $116.00 price target on shares of Moody’s Corporation in a research note on Monday, May 8th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $117.57.
Large investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in Moody’s Corporation during the third quarter worth approximately $162,000. Verition Fund Management LLC acquired a new stake in Moody’s Corporation during the third quarter worth approximately $1,275,000. Lombard Odier Asset Management Europe Ltd acquired a new stake in Moody’s Corporation during the third quarter worth approximately $313,000. Quantum Capital Management LLC NJ boosted its stake in Moody’s Corporation by 9.9% in the third quarter. Quantum Capital Management LLC NJ now owns 28,369 shares of the business services provider’s stock worth $3,072,000 after buying an additional 2,552 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in Moody’s Corporation during the third quarter worth approximately $3,545,000. Institutional investors own 89.60% of the company’s stock.
Moody’s Corporation 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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