Moody’s Co. (NYSE:MCO) CEO Robert Fauber Sells 281 Shares

Moody’s Co. (NYSE:MCO) CEO Robert Fauber sold 281 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $494.42, for a total transaction of $138,932.02. Following the sale, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at approximately $30,601,631.48. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 15th, Robert Fauber sold 281 shares of Moody’s stock. The stock was sold at an average price of $473.62, for a total transaction of $133,087.22.
• On Thursday, January 2nd, Robert Fauber sold 281 shares of Moody’s stock. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66.
• On Friday, November 15th, Robert Fauber sold 281 shares of Moody’s stock. The stock was sold at an average price of $478.99, for a total transaction of $134,596.19.

Moody’s Stock Down 0.6 %

Shares of MCO stock opened at $493.58 on Wednesday. The firm has a fifty day moving average of $483.12 and a 200-day moving average of $475.16. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $505.77. The company has a market capitalization of $89.44 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 2.91 and a beta of 1.31.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. M&T Bank Corp boosted its holdings in Moody’s by 11.2% during the third quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after purchasing an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in Moody’s by 32.5% during the fourth quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock worth $6,777,000 after purchasing an additional 3,510 shares during the last quarter. Burney Co. acquired a new position in Moody’s during the fourth quarter worth $6,775,000. Mizuho Securities USA LLC boosted its holdings in Moody’s by 567.2% during the third quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock worth $38,338,000 after purchasing an additional 68,674 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Moody’s by 22.6% during the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after purchasing an additional 430,878 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Citigroup began coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 target price for the company. BMO Capital Markets upped their target price on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upped their target price on shares of Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One 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 stock. According to MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and an average price target of $507.36.

About Moody’s

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.