Insider Selling: McGraw Hill Financial EVP Unloads 20,000 Shares of Stock (MHFI)
McGraw Hill Financial (NASDAQ:MHFI) EVP Kenneth Vittor sold 20,000 shares of McGraw Hill Financial stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $71.00, for a total value of $1,420,000.00. Following the completion of the sale, the executive vice president now directly owns 130,759 shares of the company’s stock, valued at approximately $9,283,889. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MHFI has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of McGraw Hill Financial in a research note to investors on Tuesday. They set an “outperform” rating and a $81.00 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of McGraw Hill Financial in a research note to investors on Wednesday, October 23rd. They now have a $80.00 price target on the stock, up previously from $75.00. Finally, analysts at Benchmark Co. raised their price target on shares of McGraw Hill Financial from $59.00 to $78.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $75.50.
Shares of McGraw Hill Financial (NASDAQ:MHFI) traded up 1.80% on Tuesday, hitting $71.70. The stock had a trading volume of 1,930,040 shares. McGraw Hill Financial has a 1-year low of $42.07 and a 1-year high of $64.22. The stock has a 50-day moving average of $60.96 and a 200-day moving average of $55.05. The company has a market cap of $19.416 billion and a P/E ratio of 20.14.
McGraw Hill Financial (NASDAQ:MHFI) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. McGraw Hill Financial’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that McGraw Hill Financial will post $3.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, November 22nd.
McGraw Hill Financial, Inc, formerly The McGraw-Hill Companies, Inc, is a financial intelligence company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.