CX Institutional Purchases 25 Shares of Moody’s Co. (NYSE:MCO)

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

Other hedge funds have also bought and sold shares of the company. M&T Bank Corp lifted its stake in shares of Moody’s by 11.2% in the third quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock valued at $29,858,000 after buying an additional 6,340 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Moody’s by 32.5% in the 4th quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock worth $6,777,000 after acquiring an additional 3,510 shares during the last quarter. Burney Co. bought a new position in Moody’s in the 4th quarter valued at about $6,775,000. Mizuho Securities USA LLC boosted its stake in Moody’s by 567.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock valued at $38,338,000 after purchasing an additional 68,674 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings 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 worth $1,107,344,000 after purchasing an additional 430,878 shares in the last quarter. 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 firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the transaction, the chief executive officer now directly owns 61,354 shares of the company’s stock, valued at approximately $29,387,952.46. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the sale, the senior vice president now directly owns 1,415 shares in the company, valued at $654,296. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,524 shares of company stock worth $1,178,413 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MCO shares. Morgan Stanley raised their target price on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Citigroup assumed coverage on shares of Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective on the stock. Stifel Nicolaus increased their target price 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. UBS Group boosted their price target on shares of Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on shares of Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Trading Up 0.6 %

Shares of MCO opened at $489.21 on Friday. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $503.95. The business has a 50-day moving average of $481.00 and a 200 day moving average of $472.67. The firm has a market cap of $88.65 billion, a P/E ratio of 44.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67.

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.