Moody’s Corporation (MCO) Director Ewald Kist Sells 4,000 Shares of Stock

Moody’s Corporation (NYSE:MCO) Director Ewald Kist sold 4,000 shares of Moody’s Corporation stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Moody’s Corporation (NYSE MCO) opened at $148.31 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. The company has a market capitalization of $28,051.57, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.60 and a beta of 1.35. Moody’s Corporation has a 12-month low of $93.51 and a 12-month high of $148.55.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. Moody’s Corporation had a negative return on equity of 187.20% and a net margin of 13.73%. Moody’s Corporation’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. equities analysts predict that Moody’s Corporation will post 5.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. Moody’s Corporation’s payout ratio is 54.29%.

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A number of analysts recently weighed in on the company. Cantor Fitzgerald restated a “hold” rating and issued a $148.00 price target on shares of Moody’s Corporation in a research note on Sunday. Barclays PLC upgraded Moody’s Corporation from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $165.00 in a research note on Friday. Argus lifted their price target on Moody’s Corporation to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. BMO Capital Markets lifted their price target on Moody’s Corporation from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Credit Suisse Group lifted their price target on Moody’s Corporation from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $151.89.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Davis Selected Advisers boosted its position in Moody’s Corporation by 0.7% during the third quarter. Davis Selected Advisers now owns 202,766 shares of the business services provider’s stock worth $28,227,000 after purchasing an additional 1,460 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in Moody’s Corporation during the third quarter worth $673,000. Guardian Capital LP boosted its position in Moody’s Corporation by 6.5% during the third quarter. Guardian Capital LP now owns 89,681 shares of the business services provider’s stock worth $12,484,000 after purchasing an additional 5,499 shares in the last quarter. California Public Employees Retirement System boosted its position in Moody’s Corporation by 2.1% during the third quarter. California Public Employees Retirement System now owns 481,845 shares of the business services provider’s stock worth $67,078,000 after purchasing an additional 10,045 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Moody’s Corporation during the third quarter worth $355,000. Institutional investors own 88.00% of the company’s stock.

Moody’s Corporation 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 research and analytical services to financial institution customers.

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

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