Insider Selling: Harold Mcgraw III Sells 500,000 Shares of McGraw Hill Financial Stock (MHFI)
McGraw Hill Financial (NASDAQ:MHFI) Director Harold Mcgraw III sold 500,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $82.66, for a total transaction of $41,330,000.00. Following the completion of the sale, the director now directly owns 1,675,796 shares of the company’s stock, valued at approximately $138,521,297. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
McGraw Hill Financial (NASDAQ:MHFI) traded up 0.48% during mid-day trading on Friday, hitting $83.11. 624,713 shares of the company’s stock traded hands. McGraw Hill Financial has a 52-week low of $52.86 and a 52-week high of $84.81. The stock has a 50-day moving average of $81.24 and a 200-day moving average of $78.05. The company has a market cap of $22.623 billion and a P/E ratio of 25.94.
McGraw Hill Financial (NASDAQ:MHFI) last issued its quarterly earnings data 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. Analysts expect that McGraw Hill Financial will post $3.79 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Argus raised their price target on shares of McGraw Hill Financial from $85.00 to $92.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of McGraw Hill Financial from $92.00 to $103.00 in a research note on Wednesday, June 11th. They now have an “outperform” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $87.56.
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.
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.