A number of other research firms also recently commented on MCO. Zacks Investment Research upgraded shares of Moody’s Corp. from a sell rating to a hold rating in a research report on Wednesday, June 15th. Cantor Fitzgerald restated a hold rating and set a $96.00 price target on shares of Moody’s Corp. in a research report on Friday, July 22nd. Morgan Stanley set a $112.00 price target on shares of Moody’s Corp. and gave the stock a buy rating in a research report on Friday, August 5th. Credit Suisse Group AG began coverage on shares of Moody’s Corp. in a research report on Monday, July 11th. They set a neutral rating and a $99.00 price target on the stock. Finally, Argus lifted their price objective on shares of Moody’s Corp. from $110.00 to $124.00 and gave the stock a buy rating in a research note on Wednesday, August 17th. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Moody’s Corp. currently has a consensus rating of Hold and an average price target of $106.41.
Moody’s Corp. (NYSE:MCO) opened at 109.27 on Wednesday. The stock has a market cap of $21.01 billion, a P/E ratio of 24.40 and a beta of 1.26. Moody’s Corp. has a 1-year low of $77.76 and a 1-year high of $110.83. The firm’s 50-day moving average is $106.85 and its 200-day moving average is $99.85.
Moody’s Corp. (NYSE:MCO) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $928.90 million for the quarter, compared to the consensus estimate of $909.08 million. During the same period in the previous year, the firm earned $1.28 EPS. Moody’s Corp.’s revenue was up 1.2% on a year-over-year basis. On average, analysts forecast that Moody’s Corp. will post $4.58 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, August 18th. Moody’s Corp.’s dividend payout ratio (DPR) is currently 33.18%.
In other news, Director Darrell Duffie sold 500 shares of Moody’s Corp. stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $91.94, for a total value of $45,970.00. Following the transaction, the director now directly owns 22,090 shares of the company’s stock, valued at $2,030,954.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Linda Huber sold 182,595 shares of Moody’s Corp. stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $110.13, for a total transaction of $20,109,187.35. Following the completion of the transaction, the vice president now directly owns 63,637 shares in the company, valued at $7,008,342.81. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new position in Moody’s Corp. during the first quarter valued at $103,000. Ropes Wealth Advisors LLC increased its position in shares of Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock worth $132,000 after buying an additional 1,210 shares during the last quarter. FNY Managed Accounts LLC bought a new position in shares of Moody’s Corp. during the second quarter worth approximately $190,000. Pinkerton Retirement Specialists LLC bought a new position in shares of Moody’s Corp. during the second quarter worth approximately $196,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Moody’s Corp. during the first quarter worth approximately $209,000. 86.91% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Moody's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.