Insider Selling: Moody’s Co. (NYSE:MCO) Insider Sells $791,493.91 in Stock

Moody’s Co. (NYSE:MCO) insider Robert Fauber sold 3,721 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $212.71, for a total transaction of $791,493.91. Following the completion of the sale, the insider now owns 48,382 shares of the company’s stock, valued at approximately $10,291,335.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert Fauber also recently made the following trade(s):

  • On Friday, May 17th, Robert Fauber sold 460 shares of Moody’s stock. The shares were sold at an average price of $186.52, for a total transaction of $85,799.20.
  • On Wednesday, May 15th, Robert Fauber sold 460 shares of Moody’s stock. The shares were sold at an average price of $184.85, for a total transaction of $85,031.00.

Shares of MCO opened at $209.95 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 10.04. The stock has a market cap of $40.32 billion, a P/E ratio of 28.41 and a beta of 1.26. The company has a 50-day moving average of $204.63 and a two-hundred day moving average of $187.73. Moody’s Co. has a 12-month low of $129.26 and a 12-month high of $220.68.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, July 31st. The business services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.04 earnings per share. As a group, analysts forecast that Moody’s Co. will post 8.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, August 19th. Moody’s’s payout ratio is currently 27.06%.

Several brokerages recently commented on MCO. Stifel Nicolaus raised their price objective on shares of Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their target price on shares of Moody’s from $189.00 to $194.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. lifted their target price on shares of Moody’s from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays restated a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. Finally, Cantor Fitzgerald lifted their target price on shares of Moody’s from $168.00 to $192.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Moody’s presently has an average rating of “Hold” and a consensus target price of $200.27.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of Moody’s by 2.2% during the first quarter. BlackRock Inc. now owns 12,278,489 shares of the business services provider’s stock worth $2,223,511,000 after buying an additional 265,811 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of Moody’s by 3.7% during the first quarter. Fiera Capital Corp now owns 6,406,787 shares of the business services provider’s stock worth $1,160,205,000 after buying an additional 230,386 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Moody’s by 0.3% during the first quarter. Baillie Gifford & Co. now owns 6,012,312 shares of the business services provider’s stock worth $1,088,769,000 after buying an additional 17,364 shares in the last quarter. FMR LLC grew its holdings in shares of Moody’s by 15.7% during the first quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock worth $829,991,000 after buying an additional 620,741 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Moody’s by 20.6% during the fourth quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock worth $335,962,000 after buying an additional 410,864 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

About Moody’s

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.

Featured Article: Price to Earnings Ratio (PE) Basics

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

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 MarketBeat.com's FREE daily email newsletter.