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

Moody’s Corporation (NYSE:MCO) CEO Robert Fauber sold 575 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $498.90, for a total value of $286,867.50. Following the completion of the transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $30,473,809.80. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $305,560.80.

Moody’s Stock Performance

MCO stock traded down $10.56 during trading on Wednesday, reaching $460.49. The stock had a trading volume of 3,178,715 shares, compared to its average volume of 901,029. The firm has a market cap of $82.15 billion, a PE ratio of 37.02, a PEG ratio of 2.39 and a beta of 1.44. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The stock’s 50 day moving average is $510.14 and its two-hundred day moving average is $500.31. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $546.88.

Hedge Funds Weigh In On Moody’s

Several hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC grew its stake in Moody’s by 2,300.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 408 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 391 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Moody’s by 10.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 438 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 40 shares during the last quarter. World Investment Advisors grew its position in shares of Moody’s by 210.4% during the fourth quarter. World Investment Advisors now owns 1,735 shares of the business services provider’s stock valued at $886,000 after purchasing an additional 1,176 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Moody’s by 8.6% in the fourth quarter. Meridian Wealth Management LLC now owns 1,214 shares of the business services provider’s stock worth $620,000 after purchasing an additional 96 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs lifted its position in shares of Moody’s by 6.2% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 6,480 shares of the business services provider’s stock worth $3,310,000 after buying an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MCO shares. Weiss Ratings restated a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. Evercore ISI lifted their price target 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. Mizuho upped their price objective on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. BMO Capital Markets lowered their target price on Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $550.00 price target on shares of Moody’s in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.