McGraw Hill Financial EVP Kenneth M. Vittor Unloads 15,000 Shares (MHFI)
McGraw Hill Financial (NASDAQ:MHFI) EVP Kenneth M. Vittor sold 15,000 shares of the company’s stock on the open market in a transaction dated Monday, May 12th. The shares were sold at an average price of $79.44, for a total transaction of $1,191,600.00. Following the completion of the sale, the executive vice president now directly owns 115,322 shares in the company, valued at approximately $9,161,180. The sale was disclosed in a filing with the SEC, which is available at this link.
McGraw Hill Financial (NASDAQ:MHFI) traded down 0.63% on Tuesday, hitting $78.97. 531,880 shares of the company’s stock traded hands. McGraw Hill Financial has a 52 week low of $52.68 and a 52 week high of $82.39. The stock has a 50-day moving average of $75.58 and a 200-day moving average of $75.96. The company has a market cap of $21.496 billion and a P/E ratio of 24.92.
McGraw Hill Financial (NASDAQ:MHFI) last announced its earnings results on Tuesday, April 29th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that McGraw Hill Financial will post $3.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, May 23rd.
A number of analysts have recently weighed in on MHFI shares. Analysts at Zacks reiterated a “neutral” rating on shares of McGraw Hill Financial in a research note on Friday. They now have a $81.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of McGraw Hill Financial from $86.00 to $95.00 in a research note on Friday. Finally, analysts at Benchmark Co. raised their price target on shares of McGraw Hill Financial to $83.00 in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $82.18.
McGraw Hill Financial, Inc is a financial intelligence company. The Company is engaged in credit ratings, benchmarks and analytics for the global capital and commodity markets.
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