Moody’s Co. (NYSE:MCO) Stock Position Increased by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. raised its position in shares of Moody’s Co. (NYSE:MCO) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,904 shares of the business services provider’s stock after purchasing an additional 171 shares during the period. Great Lakes Retirement Inc.’s holdings in Moody’s were worth $1,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MCO. Planning Capital Management Corp grew its stake in shares of Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Moody’s by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Moody’s in the 3rd quarter worth approximately $36,000. Asset Dedication LLC boosted its holdings in shares of Moody’s by 83.0% in the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of Moody’s during the fourth quarter valued at approximately $45,000. Institutional investors own 92.11% of the company’s stock.

Moody’s Trading Up 1.7 %

Shares of NYSE MCO opened at $512.76 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. Moody’s Co. has a one year low of $360.05 and a one year high of $513.04. The business has a 50-day moving average price of $483.12 and a two-hundred day moving average price of $477.16. The firm has a market capitalization of $92.91 billion, a PE ratio of 46.83, a PEG ratio of 2.93 and a beta of 1.31.

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 stock was sold at an average price of $474.86, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,124 shares of company stock valued at $540,051 over the last three months. 0.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MCO shares. Oppenheimer lifted their price target on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus upped their price target on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their price objective on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and an average target price 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.