Moody’s Corporation (NYSE:MCO – Get Free Report) CEO Robert Fauber sold 1,467 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $484.30, for a total transaction of $710,468.10. Following the completion of the sale, the chief executive officer directly owned 51,964 shares of the company’s stock, valued at approximately $25,166,165.20. This represents a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Robert Fauber also recently made the following trade(s):
- On Monday, June 1st, Robert Fauber sold 1,467 shares of Moody’s stock. The stock was sold at an average price of $453.67, for a total transaction of $665,533.89.
Moody’s Stock Down 0.0%
NYSE:MCO opened at $483.33 on Wednesday. The company has a market cap of $83.71 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 2.39 and a beta of 1.33. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s fifty day moving average price is $470.30 and its two-hundred day moving average price is $461.90. Moody’s Corporation has a 52-week low of $402.28 and a 52-week high of $546.88.
Moody’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, August 14th. This represents a $4.12 dividend on an annualized basis and a yield of 0.9%. Moody’s’s dividend payout ratio is presently 26.13%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Moody’s in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Moody’s from $530.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Mizuho upped their target price on shares of Moody’s from $521.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. BMO Capital Markets increased their price target on Moody’s from $489.00 to $515.00 and gave the company a “market perform” rating in a research note on Tuesday, July 7th. Finally, UBS Group restated a “neutral” rating and issued a $505.00 price target on shares of Moody’s in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Moody’s currently has an average rating of “Moderate Buy” and an average target price of $553.61.
Read Our Latest Stock Analysis on MCO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wilkerson Advisory Group LLC raised its holdings in Moody’s by 87.1% in the first quarter. Wilkerson Advisory Group LLC now owns 58 shares of the business services provider’s stock worth $25,000 after purchasing an additional 27 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Moody’s in the 2nd quarter valued at $25,000. Whipplewood Advisors LLC increased its position in shares of Moody’s by 1,866.7% in the 1st quarter. Whipplewood Advisors LLC now owns 59 shares of the business services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Moody’s in the 4th quarter valued at $26,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in Moody’s during the 4th quarter worth $27,000. Institutional investors own 92.11% of the company’s stock.
Moody’s Company Profile
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
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