The John J. Goggins Sells 50,000 Shares of Moody’s Co. (MCO) Stock

The John J. Goggins Sells 50,000 Shares of Moody’s Co. (MCO) Stock

Moody's Co. (NYSE:MCO) opened at 118.82 on Monday. The stock’s 50 day moving average price is $116.55 and its 200-day moving average price is $107.78. The stock has a market capitalization of $22.73 billion, a PE ratio of 54.06 and a beta of 1.30. Moody's Co. has a 12-month low of $87.30 and a 12-month high of $119.99.

Moody's Co. (NYSE:MCO) EVP John J. Goggins sold 50,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $116.79, for a total value of $5,839,500.00. Following the completion of the transaction, the executive vice president now directly owns 106,221 shares of the company’s stock, valued at $12,405,550.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Moody's Co. (NYSE:MCO) last released its earnings results on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.23. The firm had revenue of $975.20 million during the quarter, compared to analyst estimates of $914.27 million. Moody's Co. had a negative return on equity of 260.34% and a net margin of 25.88%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts expect that Moody's Co. will post $5.33 earnings per share for the current year.

Moody's Co. (NYSE:MCO) last released its earnings results on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.23. The firm had revenue of $975.20 million during the quarter, compared to analyst estimates of $914.27 million. Moody's Co. had a negative return on equity of 260.34% and a net margin of 25.88%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts expect that Moody's Co. will post $5.33 earnings per share for the current year. The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 22nd will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 18th. This represents a $1.52 annualized dividend and a yield of 1.28%. Moody's Co.’s payout ratio is currently 31.97%.

Moody's Co. (NYSE:MCO) last released its earnings results on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.23. The firm had revenue of $975.20 million during the quarter, compared to analyst estimates of $914.27 million. Moody's Co. had a negative return on equity of 260.34% and a net margin of 25.88%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts expect that Moody's Co. will post $5.33 earnings per share for the current year. A number of brokerages have issued reports on MCO. Barclays PLC reaffirmed a “hold” rating and issued a $118.00 target price on shares of Moody's Co. in a research note on Thursday, April 27th. Zacks Investment Research downgraded Moody's Co. from a “buy” rating to a “hold” rating in a research note on Monday, March 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $124.00 target price on shares of Moody's Co. in a research note on Wednesday, April 26th. Morgan Stanley raised their target price on Moody's Co. from $118.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Monday, May 8th. Finally, TheStreet downgraded Moody's Co. from a “b-” rating to a “c” rating in a research note on Friday, February 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $117.57.

A number of institutional investors have recently added to or reduced their stakes in MCO. Regent Investment Management LLC acquired a new position in Moody's Co. during the first quarter valued at approximately $1,112,000. GLG LLC raised its position in Moody's Co. by 6.8% in the fourth quarter. GLG LLC now owns 9,752 shares of the business services provider’s stock valued at $919,000 after buying an additional 620 shares during the last quarter. State Street Corp raised its position in Moody's Co. by 9.4% in the fourth quarter. State Street Corp now owns 7,432,775 shares of the business services provider’s stock valued at $700,692,000 after buying an additional 636,369 shares during the last quarter. Renaissance Technologies LLC raised its position in Moody's Co. by 622.7% in the fourth quarter. Renaissance Technologies LLC now owns 534,800 shares of the business services provider’s stock valued at $50,416,000 after buying an additional 460,800 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Moody's Co. by 8.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,527 shares of the business services provider’s stock valued at $1,576,000 after buying an additional 1,158 shares during the last quarter. Hedge funds and other institutional investors own 87.31% of the company’s stock. About Moody's Co.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MCO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment