E. Ohman J or Asset Management AB Acquires 780 Shares of Moody’s Co. (NYSE:MCO)

E. Ohman J or Asset Management AB grew its holdings in Moody’s Co. (NYSE:MCO) by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,230 shares of the business services provider’s stock after purchasing an additional 780 shares during the period. E. Ohman J or Asset Management AB’s holdings in Moody’s were worth $3,422,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Planning Capital Management Corp grew its position in Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Moody’s by 272.2% in the 3rd 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 in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Moody’s during the 3rd quarter valued at approximately $36,000. Asset Dedication LLC increased its position in 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 in the last quarter. Finally, Albion Financial Group UT bought a new position in Moody’s in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 843 shares of company stock valued at $401,119 in the last quarter. 0.07% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup began coverage on shares of Moody’s in a research note on Friday, December 20th. They set a “buy” rating and a $565.00 target price on the stock. Oppenheimer upped their target price on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. BMO Capital Markets lifted their price target on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Robert W. Baird upped their price objective on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. One research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Trading Down 0.5 %

NYSE MCO opened at $496.81 on Tuesday. Moody’s Co. has a one year low of $360.05 and a one 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 business has a 50 day simple moving average of $483.06 and a 200 day simple moving average of $474.82. The stock has a market capitalization of $90.02 billion, a P/E ratio of 45.37, a P/E/G ratio of 2.91 and a beta of 1.31.

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.