Insider Selling: Moody’s Co. (NYSE:MCO) CEO Sells 281 Shares of Stock

Moody’s Co. (NYSE:MCO) CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $494.42, for a total value of $138,932.02. Following the completion of the sale, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $30,601,631.48. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

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

Moody’s Stock Up 1.3 %

Shares of Moody’s stock opened at $502.46 on Friday. The business has a 50-day moving average of $482.89 and a 200-day moving average of $475.66. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $91.05 billion, a PE ratio of 45.89, a P/E/G ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $505.77.

Hedge Funds Weigh In On Moody’s

Several large investors have recently modified their holdings of MCO. Planning Capital Management Corp lifted its position in shares of Moody’s by 566.7% during the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Moody’s by 272.2% during the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Moody’s during the third quarter worth about $36,000. Asset Dedication LLC lifted its position in shares of Moody’s by 83.0% during the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 39 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of Moody’s during the fourth quarter worth about $42,000. Institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup assumed coverage on Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 target price for the company. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Stifel Nicolaus boosted their target price on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their target price on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer upped their price target on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.