Darrell Duffie Sells 500 Shares of Moody's Co. (MCO) Stock
Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Darrell Duffie also recently made the following trade(s):
- On Saturday, December 29th, Darrell Duffie sold 500 shares of Moody's stock. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00.
Shares of Moody's Co. (NYSE MCO) opened at $148.86 on Thursday. The company has a market cap of $27,925.45, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. Moody's Co. has a 12 month low of $93.51 and a 12 month high of $153.86.
Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. equities research analysts expect that Moody's Co. will post 5.96 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Monday, November 20th. Moody's’s dividend payout ratio is currently 54.29%.
MCO has been the subject of several recent research reports. BMO Capital Markets restated a “market perform” rating and set a $136.00 target price (up previously from $135.00) on shares of Moody's in a report on Wednesday, September 6th. Barclays increased their target price on shares of Moody's from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Piper Jaffray Companies reiterated a “hold” rating and issued a $149.00 price target (up previously from $140.00) on shares of Moody's in a research note on Wednesday, October 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $135.00 price target (up previously from $134.00) on shares of Moody's in a research note on Friday, October 6th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $148.00 price target on shares of Moody's in a research note on Monday, November 6th. Seven research 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $153.40.
Institutional investors and hedge funds have recently modified their holdings of the company. Grove Bank & Trust raised its position in shares of Moody's by 156.7% in the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 550 shares during the period. Sun Life Financial INC raised its position in shares of Moody's by 12,200.0% in the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 1,220 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Moody's by 0.6% in the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 8 shares during the period. Invictus RG bought a new position in shares of Moody's in the third quarter valued at about $199,000. Finally, IFC Holdings Incorporated FL bought a new position in shares of Moody's in the third quarter valued at about $203,000. 87.32% of the stock is currently owned by institutional investors.
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 research and analytical services to financial institution customers.
Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with Analyst Ratings Network's FREE daily email newsletter.