BofA warns Fed risks policy mistake with early rate cuts
Stephen Tulenko, President of Moody’s Analytics, recently executed a series of stock transactions involving Moody’s Corp (NYSE:MCO), a $84.5 billion market cap company currently trading at $470.23. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 41.5. On March 5, Tulenko sold a total of 5,027 shares of Moody’s common stock, generating approximately $2.4 million. The shares were sold at prices ranging from $481.97 to $483.88 per share.
In addition to the sales, Tulenko acquired a total of 5,027 shares through stock option exercises at prices between $325.99 and $372.16 per share. The total value of these acquisitions was approximately $1.7 million.
Following these transactions, Tulenko’s direct ownership stands at 7,678.87 shares. The transactions were executed under a previously established trading plan.
In other recent news, Moody’s Corporation reported robust financial results for the fourth quarter of 2024, with earnings per share (EPS) of $2.62, surpassing analysts’ expectations of $2.30. The company’s revenue also exceeded forecasts, reaching $1.67 billion against an anticipated $1.59 billion. Following these strong results, several analysts adjusted their outlooks for Moody’s. Oppenheimer raised its price target to $573 from $545, maintaining an Outperform rating, while BMO Capital Markets increased its price target to $531 from $481, citing Moody’s strategic shift towards integrated platforms. Stifel also raised its price target to $533 from $459, acknowledging improved revenue projections for Moody’s Investors Service and enhanced margins for Moody’s Analytics. These changes reflect analysts’ confidence in Moody’s recent performance and strategic direction. Additionally, Moody’s announced a restructuring initiative aimed at further enhancing its operational efficiency, which is expected to support its medium-term growth prospects. Nutrien (NYSE:NTR) Ltd. also made headlines with the submission of its annual report to the U.S. Securities and Exchange Commission, reinforcing its commitment to transparency and regulatory compliance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.