Moody’s Corporation (NYSE:MCO) Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now owns 21,804 shares in the company, valued at approximately $3,017,891.64. The sale was disclosed in a document filed with the SEC, which is available through this link.

Moody’s Corporation (NYSE MCO) opened at 141.71 on Thursday. The company has a 50-day moving average price of $135.36 and a 200 day moving average price of $123.69. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $141.75. The firm has a market capitalization of $27.07 billion, a P/E ratio of 56.93 and a beta of 1.28.

Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings data on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share. Analysts expect that Moody’s Corporation will post $5.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 22nd were paid a $0.38 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.52 annualized dividend and a yield of 1.07%. Moody’s Corporation’s payout ratio is currently 61.29%.

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A number of brokerages have recently issued reports on MCO. Barclays PLC increased their target price on Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 28th. UBS AG increased their target price on Moody’s Corporation from $138.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, July 17th. BidaskClub downgraded Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $128.00 price objective (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Moody’s Corporation currently has a consensus rating of “Hold” and a consensus price target of $140.13.

A number of institutional investors have recently added to or reduced their stakes in the stock. Pensionfund Sabic acquired a new position in Moody’s Corporation in the third quarter valued at $2,005,000. Pensionfund DSM Netherlands acquired a new position in Moody’s Corporation in the third quarter valued at $3,619,000. Curbstone Financial Management Corp increased its stake in Moody’s Corporation by 90.9% in the third quarter. Curbstone Financial Management Corp now owns 4,200 shares of the business services provider’s stock valued at $585,000 after purchasing an additional 2,000 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Moody’s Corporation by 20.3% in the second quarter. Lord Abbett & CO. LLC now owns 86,852 shares of the business services provider’s stock valued at $10,568,000 after purchasing an additional 14,678 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Moody’s Corporation by 25.8% in the second quarter. Toronto Dominion Bank now owns 56,446 shares of the business services provider’s stock valued at $6,867,000 after purchasing an additional 11,585 shares during the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

About Moody’s Corporation

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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