CX Institutional Has $527,000 Position in Moody’s Co. (NYSE:MCO)

CX Institutional boosted its stake in shares of Moody’s Co. (NYSE:MCO) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,113 shares of the business services provider’s stock after purchasing an additional 25 shares during the quarter. CX Institutional’s holdings in Moody’s were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MCO. M&T Bank Corp lifted its position in Moody’s by 11.2% during the third quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after acquiring an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in Moody’s by 32.5% in the 4th quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock valued at $6,777,000 after buying an additional 3,510 shares in the last quarter. Burney Co. bought a new position in Moody’s during the 4th quarter worth $6,775,000. Mizuho Securities USA LLC lifted its holdings in shares of Moody’s by 567.2% during the third quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock worth $38,338,000 after buying an additional 68,674 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Moody’s by 22.6% in 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 acquiring an additional 430,878 shares during the period. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCO has been the topic of several recent research reports. Robert W. Baird raised their target price on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Morgan Stanley raised their target price on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Stock Performance

Shares of Moody’s stock opened at $489.21 on Friday. The company has a market cap of $88.65 billion, a P/E ratio of 44.68, a PEG ratio of 2.82 and a beta of 1.30. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The business has a 50-day moving average price of $481.00 and a two-hundred day moving average price of $472.67. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $478.99, for a total transaction of $134,596.19. Following the transaction, the chief executive officer now owns 61,354 shares in the company, valued at $29,387,952.46. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Caroline Sullivan sold 1,681 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $462.40, for a total transaction of $777,294.40. Following the completion of the sale, the senior vice president now owns 1,415 shares of the company’s stock, valued at $654,296. The trade was a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,524 shares of company stock worth $1,178,413 in the last 90 days. Corporate 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.