Adero Partners LLC Has $325,000 Stock Position in Moody’s Co. (NYSE:MCO)

Adero Partners LLC lifted its stake in shares of Moody’s Co. (NYSE:MCO) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 686 shares of the business services provider’s stock after acquiring an additional 26 shares during the period. Adero Partners LLC’s holdings in Moody’s were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in Moody’s by 74,000.1% in 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 during the period. FMR LLC increased its stake in shares of 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 during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Moody’s by 32.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after purchasing an additional 502,891 shares during the last quarter. Jennison Associates LLC boosted its stake in Moody’s by 22.6% during the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after purchasing an additional 430,878 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Moody’s by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after buying an additional 416,535 shares during the last quarter. 92.11% of the stock is owned by institutional investors.

Insider Transactions at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 1,124 shares of company stock valued at $540,051. Corporate insiders own 0.07% of the company’s stock.

Moody’s Trading Up 0.5 %

Shares of Moody’s stock opened at $495.40 on Thursday. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $505.77. The stock has a market capitalization of $89.77 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. The company has a 50-day simple moving average of $483.00 and a 200 day simple moving average of $475.52. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective 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. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Wells Fargo & Company increased their target price on shares of Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. UBS Group boosted their price target on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price objective on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s 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.