Moody's Co. (MCO) Director Sells $73,965.00 in Stock
Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Darrell Duffie also recently made the following trade(s):
- On Saturday, December 29th, Darrell Duffie sold 500 shares of Moody's stock. The stock was sold at an average price of $147.93, for a total value of $73,965.00.
Shares of Moody's Co. (MCO) traded down $1.48 on Tuesday, hitting $146.13. The stock had a trading volume of 571,598 shares, compared to its average volume of 491,200. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's Co. has a twelve month low of $93.51 and a twelve month high of $153.86. The firm has a market capitalization of $27,910.00, a price-to-earnings ratio of 52.56, a PEG ratio of 2.61 and a beta of 1.36.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, November 20th. Moody's’s dividend payout ratio is currently 54.68%.
A number of research analysts have recently commented on MCO shares. Argus upped their price target on Moody's to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus started coverage on Moody's in a research report on Tuesday, December 19th. They set a “hold” rating and a $167.00 price objective on the stock. Cantor Fitzgerald restated a “hold” rating and set a $148.00 price objective on shares of Moody's in a research report on Sunday, November 19th. BMO Capital Markets boosted their price objective on Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research report on Monday, November 6th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $149.00 price objective (up from $140.00) on shares of Moody's in a research report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Moody's presently has a consensus rating of “Hold” and a consensus target price of $153.40.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in shares of Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after purchasing an additional 550 shares during the period. Sun Life Financial INC grew its holdings in shares of Moody's by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after buying an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares in the last quarter. Invictus RG bought a new position in shares of Moody's during the third quarter worth about $199,000. Finally, IFC Holdings Incorporated FL bought a new position in shares of Moody's during the third quarter worth about $203,000. 87.32% of the stock is currently owned by institutional investors.
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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.
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