Crewe Advisors LLC Sells 393 Shares of Moody’s Co. (NYSE:MCO)

Crewe Advisors LLC lessened its stake in Moody’s Co. (NYSE:MCO) by 5.8% in the fourth quarter, HoldingsChannel reports. The fund owned 6,425 shares of the business services provider’s stock after selling 393 shares during the period. Crewe Advisors LLC’s holdings in Moody’s were worth $3,041,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Haverford Trust Co raised its stake in Moody’s by 1.8% during the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock valued at $580,000 after buying an additional 22 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in Moody’s by 0.8% in the fourth quarter. Avitas Wealth Management LLC now owns 2,803 shares of the business services provider’s stock valued at $1,327,000 after acquiring an additional 22 shares during the period. Stratos Wealth Advisors LLC boosted its holdings in shares of Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after buying an additional 23 shares during the last quarter. Okabena Investment Services Inc. increased its stake in shares of Moody’s by 0.8% in the 3rd quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock worth $1,313,000 after purchasing an additional 23 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Moody’s by 3.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock worth $353,000 after buying an additional 23 shares during the period. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Stock Up 0.5 %

Shares of NYSE:MCO opened at $495.40 on Thursday. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $505.77. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a fifty day moving average price of $483.00 and a 200 day moving average price of $475.52. The stock has a market cap of $89.77 billion, a P/E ratio of 45.24, a P/E/G ratio of 2.91 and a beta of 1.31.

Analyst Upgrades and Downgrades

MCO has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. UBS Group increased their price objective on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup started coverage on Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective for the company. Stifel Nicolaus boosted their target price on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $507.36.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $494.42, for a total transaction of $138,932.02. Following the completion of the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $30,601,631.48. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 1,124 shares of company stock worth $540,051. Company insiders own 0.07% of the company’s stock.

About Moody’s

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.