Moody’s Corp. (NYSE:MCO) SVP Lisa Westlake sold 1,095 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $108.37, for a total value of $118,665.15. Following the completion of the sale, the senior vice president now owns 23,170 shares of the company’s stock, valued at approximately $2,510,932.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lisa Westlake also recently made the following trade(s):
- On Tuesday, August 30th, Lisa Westlake sold 730 shares of Moody’s Corp. stock. The shares were sold at an average price of $107.50, for a total value of $78,475.00.
- On Monday, August 8th, Lisa Westlake sold 3,650 shares of Moody’s Corp. stock. The shares were sold at an average price of $104.81, for a total value of $382,556.50.
Shares of Moody’s Corp. (NYSE:MCO) opened at 109.28 on Tuesday. Moody’s Corp. has a 52 week low of $77.76 and a 52 week high of $110.83. The company has a 50-day moving average price of $107.66 and a 200 day moving average price of $100.58. The stock has a market capitalization of $21.01 billion, a PE ratio of 24.40 and a beta of 1.35.
Moody’s Corp. (NYSE:MCO) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The business earned $928.90 million during the quarter, compared to analyst estimates of $909.08 million. Moody’s Corp. had a negative return on equity of 273.01% and a net margin of 25.81%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. Equities analysts forecast that Moody’s Corp. will post $4.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 22nd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, August 18th. Moody’s Corp.’s payout ratio is 33.18%.
Several equities analysts have recently issued reports on MCO shares. Argus boosted their target price on Moody’s Corp. from $110.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Morgan Stanley set a $112.00 target price on Moody’s Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised Moody’s Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Cantor Fitzgerald reissued a “hold” rating and set a $96.00 target price on shares of Moody’s Corp. in a research note on Friday, July 22nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $112.00 target price (up from $104.00) on shares of Moody’s Corp. in a research note on Friday. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $108.23.
Large investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. bought a new stake in Moody’s Corp. during the first quarter valued at about $103,000. Ropes Wealth Advisors LLC raised its stake in Moody’s Corp. by 614.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,407 shares of the company’s stock valued at $132,000 after buying an additional 1,210 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Moody’s Corp. during the second quarter valued at about $190,000. Pinkerton Retirement Specialists LLC bought a new stake in Moody’s Corp. during the second quarter valued at about $196,000. Finally, Janney Montgomery Scott LLC bought a new stake in Moody’s Corp. during the second quarter valued at about $208,000. 86.91% of the stock is owned by institutional investors and hedge funds.
About Moody’s Corp.
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.
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