20,242 Shares in Moody’s Co. (NYSE:MCO) Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC purchased a new position in shares of Moody’s Co. (NYSE:MCO) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 20,242 shares of the business services provider’s stock, valued at approximately $9,582,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Moody’s by 74,000.1% during the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock worth $343,935,000 after acquiring an additional 723,721 shares in the last quarter. FMR LLC grew its stake in Moody’s by 12.3% in the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after purchasing an additional 723,226 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Moody’s by 32.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after buying an additional 502,891 shares during the last quarter. Jennison Associates LLC raised its stake in Moody’s by 22.6% during the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Moody’s by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after buying an additional 416,535 shares during the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $473.62, for a total transaction of $133,087.22. Following the sale, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $29,314,236.28. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 843 shares of company stock worth $401,119 over the last ninety days. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer raised their price objective on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Robert W. Baird raised their price target on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Stock Down 0.5 %

Moody’s stock opened at $496.81 on Tuesday. The company’s 50-day moving average price is $483.06 and its two-hundred day moving average price is $474.82. The stock has a market cap of $90.02 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $505.77. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.