Insider Selling: Kenneth M. Vittor Sells 15,000 Shares of McGraw Hill Financial Stock (MHFI)
McGraw Hill Financial (NASDAQ:MHFI) EVP Kenneth M. Vittor unloaded 15,000 shares of McGraw Hill Financial stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $84.05, for a total transaction of $1,260,750.00. Following the completion of the sale, the executive vice president now directly owns 100,322 shares of the company’s stock, valued at approximately $8,432,064. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on MHFI shares. Analysts at FBR Capital Markets raised their price target on shares of McGraw Hill Financial from $84.00 to $92.00 in a research note on Wednesday, May 28th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of McGraw Hill Financial in a research note on Friday, May 9th. They now have a $81.00 price target on the stock. Finally, 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, May 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. McGraw Hill Financial presently has a consensus rating of “Buy” and an average target price of $83.20.
McGraw Hill Financial (NASDAQ:MHFI) traded up 0.65% during mid-day trading on Monday, hitting $84.23. 969,773 shares of the company’s stock traded hands. McGraw Hill Financial has a 1-year low of $52.68 and a 1-year high of $83.72. The stock has a 50-day moving average of $78.13 and a 200-day moving average of $77.09. The company has a market cap of $22.927 billion and a price-to-earnings ratio of 26.24.
McGraw Hill Financial (NASDAQ:MHFI) last released its earnings data on Tuesday, April 29th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $2.59 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that McGraw Hill Financial will post $3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, May 23rd.
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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