Richard Cantor Sells 3,959 Shares of Moody’s Co. (MCO) Stock
Moody’s Co. (NYSE:MCO) insider Richard Cantor sold 3,959 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $184.04, for a total value of $728,614.36. Following the transaction, the insider now owns 47,406 shares of the company’s stock, valued at $8,724,600.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE:MCO opened at $186.74 on Thursday. Moody’s Co. has a 1 year low of $129.26 and a 1 year high of $197.73. The firm has a market capitalization of $34.79 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 17.70.
Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.19. Moody’s had a return on equity of 281.55% and a net margin of 29.38%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted $2.02 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Moody’s Co. will post 7.91 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Sandler Capital Management bought a new position in shares of Moody’s in the first quarter worth $13,044,000. Valley Forge Capital Management LP grew its stake in shares of Moody’s by 9.4% in the first quarter. Valley Forge Capital Management LP now owns 420,915 shares of the business services provider’s stock worth $76,223,000 after purchasing an additional 36,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Moody’s by 45.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,503 shares of the business services provider’s stock worth $3,715,000 after purchasing an additional 6,423 shares in the last quarter. M&T Bank Corp grew its stake in shares of Moody’s by 1.0% in the first quarter. M&T Bank Corp now owns 28,247 shares of the business services provider’s stock worth $5,115,000 after purchasing an additional 291 shares in the last quarter. Finally, Coastal Investment Advisors Inc. bought a new position in shares of Moody’s in the first quarter worth $47,000. 93.51% of the stock is owned by institutional investors.
MCO has been the subject of a number of recent research reports. ValuEngine upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. BMO Capital Markets upped their price objective on Moody’s to $172.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 19th. Cantor Fitzgerald restated a “hold” rating and set a $145.00 price objective on shares of Moody’s in a research note on Friday, February 15th. Piper Jaffray Companies upped their price objective on Moody’s from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Co upped their price objective on Moody’s from $170.00 to $195.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $183.00.
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Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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