Robert Fauber Sells 575 Shares of Moody’s (NYSE:MCO) Stock

Moody’s Corporation (NYSE:MCO) CEO Robert Fauber sold 575 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $498.90, for a total value of $286,867.50. Following the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $30,473,809.80. This represents a 0.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Moody’s Trading Down 2.2%

Moody’s stock traded down $10.56 during mid-day trading on Wednesday, reaching $460.49. 3,178,715 shares of the company traded hands, compared to its average volume of 901,029. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. Moody’s Corporation has a 52-week low of $378.71 and a 52-week high of $546.88. The firm has a market capitalization of $82.15 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.39 and a beta of 1.44. The firm’s 50 day moving average price is $510.14 and its 200 day moving average price is $500.31.

Institutional Investors Weigh In On Moody’s

Several institutional investors have recently modified their holdings of MCO. Vanguard Group Inc. lifted its stake in Moody’s by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 15,272,967 shares of the business services provider’s stock valued at $7,802,195,000 after acquiring an additional 102,682 shares during the period. TCI Fund Management Ltd. grew its stake in shares of Moody’s by 0.6% in the second quarter. TCI Fund Management Ltd. now owns 13,246,979 shares of the business services provider’s stock worth $6,644,552,000 after acquiring an additional 83,872 shares during the period. Geode Capital Management LLC raised its holdings in shares of Moody’s by 1.8% during the second quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after purchasing an additional 69,455 shares during the last quarter. Fiera Capital Corp lifted its position in Moody’s by 1.4% during the second 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. Finally, PineStone Asset Management Inc. boosted its holdings in Moody’s by 4.9% in the fourth quarter. PineStone Asset Management Inc. now owns 2,375,768 shares of the business services provider’s stock worth $1,213,661,000 after purchasing an additional 111,725 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on MCO shares. Mizuho lifted their price objective on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group upgraded Moody’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $524.00 to $570.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Stifel Nicolaus set a $574.00 price objective on Moody’s and gave the company a “buy” rating in a research report on Monday, January 5th. Finally, Raymond James Financial upgraded shares of Moody’s from an “underperform” rating to a “market perform” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $560.94.

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.