Moody’s Corporation (NYSE:MCO) insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $129.03, for a total value of $5,834,220.48. Following the completion of the transaction, the insider now directly owns 292,310 shares in the company, valued at $37,716,759.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Moody’s Corporation (MCO) traded down 1.06% during midday trading on Tuesday, reaching $127.70. The company’s stock had a trading volume of 817,439 shares. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 51.31 and a beta of 1.29. The company has a 50 day moving average of $125.51 and a 200-day moving average of $115.83. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20.

Moody’s Corporation (NYSE:MCO) last posted its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. Moody’s Corporation’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. Equities research analysts predict that Moody’s Corporation will post $5.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s dividend payout ratio is currently 61.29%.

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Several equities analysts recently issued reports on MCO shares. BMO Capital Markets reissued a “hold” rating and issued a $124.00 target price on shares of Moody’s Corporation in a research report on Wednesday, April 26th. Barclays PLC reaffirmed a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a research report on Thursday, April 27th. Morgan Stanley increased their price target on Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $116.00 price target on shares of Moody’s Corporation in a research report on Monday, May 8th. Finally, Zacks Investment Research downgraded Moody’s Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $127.13.

Institutional investors have recently bought and sold shares of the company. Dock Street Asset Management Inc. boosted its position in Moody’s Corporation by 30.4% in the first quarter. Dock Street Asset Management Inc. now owns 40,115 shares of the business services provider’s stock worth $4,494,000 after buying an additional 9,357 shares in the last quarter. DnB Asset Management AS boosted its position in Moody’s Corporation by 9.6% in the first quarter. DnB Asset Management AS now owns 21,688 shares of the business services provider’s stock worth $2,430,000 after buying an additional 1,900 shares in the last quarter. Naples Global Advisors LLC acquired a new position in Moody’s Corporation during the first quarter worth approximately $229,000. Capstone Asset Management Co. boosted its position in Moody’s Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 13,902 shares of the business services provider’s stock worth $1,558,000 after buying an additional 50 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its position in Moody’s Corporation by 79.5% in the first quarter. Oakbrook Investments LLC now owns 13,100 shares of the business services provider’s stock worth $1,468,000 after buying an additional 5,800 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

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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