Moody’s Co. (NYSE:MCO) Insider Robert Fauber Sells 3,721 Shares

Moody’s Co. (NYSE:MCO) insider Robert Fauber sold 3,721 shares of Moody’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $266.95, for a total transaction of $993,320.95. Following the transaction, the insider now directly owns 49,591 shares in the company, valued at approximately $13,238,317.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of MCO opened at $272.77 on Friday. The company has a debt-to-equity ratio of 7.50, a quick ratio of 1.42 and a current ratio of 1.42. Moody’s Co. has a twelve month low of $162.57 and a twelve month high of $276.99. The firm’s 50 day moving average price is $253.86 and its two-hundred day moving average price is $226.77. The firm has a market cap of $50.68 billion, a P/E ratio of 39.94, a PEG ratio of 2.97 and a beta of 1.21.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.08. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The business’s revenue was up 16.3% on a year-over-year basis. On average, sell-side analysts anticipate that Moody’s Co. will post 8.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 25th will be issued a $0.56 dividend. The ex-dividend date is Monday, February 24th. This is an increase from Moody’s’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.82%. Moody’s’s dividend payout ratio (DPR) is 27.06%.

A number of research analysts have weighed in on the stock. Morgan Stanley raised shares of Moody’s from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $181.00 to $224.00 in a research note on Tuesday, January 7th. Zacks Investment Research raised shares of Moody’s from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Wednesday, November 20th. Stifel Nicolaus lifted their price target on shares of Moody’s from $266.00 to $279.00 and gave the company a “hold” rating in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of Moody’s in a research note on Thursday, October 31st. Finally, Wells Fargo & Co lifted their price target on shares of Moody’s from $215.00 to $275.00 and gave the company an “equal weight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Moody’s presently has an average rating of “Buy” and an average price target of $251.64.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fiera Capital Corp increased its holdings in Moody’s by 2.2% during the fourth quarter. Fiera Capital Corp now owns 6,567,850 shares of the business services provider’s stock worth $1,559,273,000 after buying an additional 144,262 shares during the last quarter. FMR LLC increased its holdings in Moody’s by 1.7% during the fourth quarter. FMR LLC now owns 5,587,003 shares of the business services provider’s stock worth $1,326,411,000 after buying an additional 95,131 shares during the last quarter. Investec Asset Management LTD increased its holdings in Moody’s by 18.5% during the fourth quarter. Investec Asset Management LTD now owns 2,521,335 shares of the business services provider’s stock worth $598,590,000 after buying an additional 393,988 shares during the last quarter. Windacre Partnership LLC increased its holdings in Moody’s by 9.1% during the third quarter. Windacre Partnership LLC now owns 1,791,000 shares of the business services provider’s stock worth $366,851,000 after buying an additional 149,000 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Moody’s by 1,070.3% during the third quarter. Millennium Management LLC now owns 809,834 shares of the business services provider’s stock worth $165,878,000 after buying an additional 740,633 shares during the last quarter. Institutional investors own 90.50% of the company’s stock.

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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Insider Buying and Selling by Quarter for Moody`s (NYSE:MCO)

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