463 Shares in Moody’s Co. (NYSE:MCO) Acquired by Allen Capital Group LLC

Allen Capital Group LLC purchased a new stake in Moody’s Co. (NYSE:MCO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 463 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Planning Capital Management Corp raised its holdings in Moody’s by 566.7% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after acquiring an additional 51 shares during the period. Larson Financial Group LLC grew its position in shares of Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Moody’s in the third quarter worth about $36,000. Asset Dedication LLC lifted its position in shares of Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 39 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of Moody’s during the 4th quarter worth about $45,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 843 shares of company stock valued at $401,119 in the last ninety days. 0.07% of the stock is owned by insiders.

Moody’s Stock Down 0.7 %

Shares of Moody’s stock opened at $489.42 on Thursday. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $503.95. The business has a fifty day simple moving average of $481.97 and a 200 day simple moving average of $473.88. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The stock has a market cap of $88.68 billion, a PE ratio of 44.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30.

Analysts Set New Price Targets

A number of brokerages have recently commented on MCO. Stifel Nicolaus upped their price target on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price target on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Morgan Stanley boosted their price objective on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer upped their price target on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird boosted their target price on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and a consensus price target of $507.36.

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.