Insider Selling: Moody's Co. (NYSE:MCO) Director Sells 500 Shares of Stock

Moody's Co. (NYSE:MCO) Director Darrell Duffie sold 500 shares of Moody's stock in a transaction dated Saturday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the sale, the director now directly owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Darrell Duffie also recently made the following trade(s):

  • On Friday, December 29th, Darrell Duffie sold 500 shares of Moody's stock. The shares were sold at an average price of $147.93, for a total value of $73,965.00.

Shares of Moody's Co. (NYSE MCO) opened at $157.41 on Thursday. 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 1-year low of $97.89 and a 1-year high of $158.51. The company has a market capitalization of $30,070.00, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36.

Moody's (NYSE:MCO) last released its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. sell-side analysts anticipate that Moody's Co. will post 5.96 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Nomura assumed coverage on Moody's in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target on the stock. Argus lifted their price target on Moody's to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $135.00 price target (up from $134.00) on shares of Moody's in a research note on Friday, October 6th. Stifel Nicolaus assumed coverage on Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $148.00 price target on shares of Moody's in a research note on Wednesday, November 29th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $155.82.

Large investors have recently made changes to their positions in the company. Grove Bank & Trust lifted its holdings 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 valued at $125,000 after purchasing an additional 550 shares in the last quarter. Sun Life Financial INC lifted 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 valued at $150,000 after purchasing an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. lifted 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 valued at $164,000 after purchasing an additional 8 shares in the last quarter. First American Trust FSB bought a new position in shares of Moody's during the fourth quarter valued at $210,000. Finally, Invictus RG bought a new position in shares of Moody's during the third quarter valued at $199,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Moody's

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 (NYSE:MCO)

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