1 week Ago By Defense World Staff
Moody’s ( NYSE:MCO – Free Report ) had its price objective increased by Oppenheimer from $543.00 to $545.00 in a research note published on Friday morning, Benzinga reports.
Oppenheimer currently has an outperform rating on the business services provider’s stock. MCO has been the subject of several other research reports. Raymond James downgraded shares of Moody’s from a “market perform” rating to an “underperform” rating in a research report on Monday, September 23rd.
BMO Capital Markets upped their price objective on shares of Moody’s from $455.00 to $464.00 and gave the company a “market perform” rating in a research note on Tuesday, October 15th.
Robert W. Baird lifted their target price on Moody’s from $490.00 to $512.
00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their target price on Moody’s from $454.00 to $459.
00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th.
One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $506.14.
Get Our Latest Analysis on Moody’s Moody’s Price Performance Moody’s ( NYSE:MCO – Get Free Report ) last released its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.
89 by $0.32. Moody’s had a net margin of 29.
05% and a return on equity of 57.97%. The firm had revenue of $1.
81 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $2.
43 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year.
Analysts forecast that Moody’s will post 12.07 EPS for the current fiscal year. Moody’s Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th.
Shareholders of record on Friday, November 22nd were issued a $0.85 dividend. This represents a $3.
40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, November 22nd.
Moody’s’s dividend payout ratio is presently 31.05%. Insider Transactions at Moody’s In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Thursday, January 2nd.
The shares were sold at an average price of $474.86, for a total transaction of $133,435.66.
Following the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This represents a 0.
45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Also, SVP Caroline Sullivan sold 1,681 shares of the stock in a transaction dated Monday, October 28th.
The shares were sold at an average price of $462.40, for a total transaction of $777,294.40.
Following the completion of the transaction, the senior vice president now directly owns 1,415 shares of the company’s stock, valued at approximately $654,296. This trade represents a 54.30 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last three months, insiders sold 2,243 shares of company stock valued at $1,045,326. Corporate insiders own 0.
07% of the company’s stock. Hedge Funds Weigh In On Moody’s Several hedge funds and other institutional investors have recently bought and sold shares of MCO. State Street Corp increased its position in shares of Moody’s by 0.
9% in the third quarter. State Street Corp now owns 7,047,772 shares of the business services provider’s stock valued at $3,344,802,000 after buying an additional 63,556 shares in the last quarter. FMR LLC raised its position in Moody’s by 12.
3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after acquiring an additional 723,226 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Moody’s by 13.
0% in the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after purchasing an additional 416,535 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Moody’s by 22.
6% in the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after purchasing an additional 430,878 shares in the last quarter. Finally, Massachusetts Financial Services Co.
MA grew its position in shares of Moody’s by 32.0% in the third quarter. Massachusetts Financial Services Co.
MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after purchasing an additional 502,891 shares during the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.
About Moody’s ( Get Free Report ) Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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