Moody’s (NYSE:MCO) CEO Sells $305,560.80 in Stock

Moody’s Corporation (NYSE:MCO) CEO Robert Fauber sold 592 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $516.15, for a total value of $305,560.80. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at approximately $31,527,474.30. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, February 3rd, Robert Fauber sold 575 shares of Moody’s stock. The stock was sold at an average price of $498.90, for a total value of $286,867.50.

Moody’s Price Performance

Moody’s stock traded down $10.56 during trading on Wednesday, reaching $460.49. The company had a trading volume of 3,178,715 shares, compared to its average volume of 901,029. The firm has a market capitalization of $82.15 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.44. The firm’s 50-day simple moving average is $510.14 and its 200 day simple moving average is $500.31. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $546.88.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MCO shares. JPMorgan Chase & Co. decreased their price target on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Daiwa Capital Markets raised Moody’s from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $500.00 to $590.00 in a research note on Tuesday, January 13th. Wall Street Zen downgraded Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI lifted their target price on shares of Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Finally, Morgan Stanley increased their target price on shares of Moody’s from $520.00 to $526.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

Hedge Funds Weigh In On Moody’s

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rexford Capital Inc. purchased a new stake in shares of Moody’s during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. purchased a new position in Moody’s in the second quarter worth approximately $25,000. Caitlin John LLC acquired a new position in shares of Moody’s in the 3rd quarter valued at $27,000. Johnson Financial Group Inc. purchased a new position in shares of Moody’s during the 2nd quarter worth $28,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Moody’s during the 4th quarter worth about $29,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Company Profile

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.