Robert Fauber Sells 592 Shares of Moody’s (NYSE:MCO) Stock

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

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

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

Moody’s Stock Performance

NYSE:MCO opened at $457.92 on Friday. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $546.88. The business has a fifty day simple moving average of $509.00 and a two-hundred day simple moving average of $499.74. The company has a market capitalization of $81.69 billion, a P/E ratio of 36.81, a P/E/G ratio of 2.13 and a beta of 1.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84.

Institutional Trading of Moody’s

Large investors have recently added to or reduced their stakes in the stock. Odyssey Capital Advisors Inc. bought a new position in Moody’s in the 4th quarter worth $213,000. TD Private Client Wealth LLC increased its position in shares of Moody’s by 6.7% during the fourth quarter. TD Private Client Wealth LLC now owns 429 shares of the business services provider’s stock valued at $219,000 after buying an additional 27 shares during the period. North Dakota State Investment Board bought a new position in Moody’s in the fourth quarter worth about $2,724,000. Elyxium Wealth LLC purchased a new stake in Moody’s in the fourth quarter worth about $200,000. Finally, Abacus Wealth Partners LLC bought a new stake in Moody’s during the 4th quarter valued at approximately $547,000. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

MCO has been the topic of a number of recent research reports. Raymond James Financial raised Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. Morgan Stanley increased their price target on shares of Moody’s from $520.00 to $526.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. BMO Capital Markets cut their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. The Goldman Sachs Group raised shares of Moody’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $524.00 to $570.00 in a report on Tuesday, December 16th. Finally, Mizuho raised their price target on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. One equities research 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 MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and an average price target 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.