Moody’s (NYSE:MCO) CEO Sells $286,867.50 in Stock

Moody’s Corporation (NYSE:MCO) CEO Robert Fauber sold 575 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $498.90, for a total transaction of $286,867.50. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $30,473,809.80. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Robert Fauber also recently made the following trade(s):

• On Monday, February 2nd, Robert Fauber sold 592 shares of Moody’s stock. The stock was sold at an average price of $516.15, for a total transaction of $305,560.80.

Moody’s Stock Performance

Moody’s stock opened at $453.78 on Friday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $546.88. The stock’s 50 day simple moving average is $508.26 and its two-hundred day simple moving average is $499.42. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $80.95 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.12 and a beta of 1.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MCO. BAM Wealth Management LLC bought a new position in shares of Moody’s during the 3rd quarter worth $871,000. Principal Financial Group Inc. lifted its stake in Moody’s by 0.3% in the third quarter. Principal Financial Group Inc. now owns 647,711 shares of the business services provider’s stock worth $308,649,000 after acquiring an additional 1,942 shares during the period. Asset Management One Co. Ltd. grew its holdings in Moody’s by 3.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 73,793 shares of the business services provider’s stock worth $35,161,000 after acquiring an additional 2,202 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Moody’s by 135.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 45,829 shares of the business services provider’s stock worth $21,837,000 after acquiring an additional 26,388 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Moody’s by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after purchasing an additional 35,123 shares during the period. Institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Evercore raised their price objective on Moody’s from $540.00 to $620.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. BMO Capital Markets lowered their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research report on Thursday, October 23rd. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. Finally, Morgan Stanley boosted their price target on Moody’s from $520.00 to $526.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Moody’s currently has a consensus rating of “Moderate Buy” and an average target price of $560.94.

About Moody’s

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.