Longboard Asset Management LP Takes Position in Moody’s Co. (NYSE:MCO)

Longboard Asset Management LP purchased a new stake in Moody’s Co. (NYSE:MCO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 534 shares of the business services provider’s stock, valued at approximately $253,000. Moody’s comprises about 0.7% of Longboard Asset Management LP’s portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planning Capital Management Corp lifted its stake in shares of Moody’s by 566.7% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC lifted its position in Moody’s by 272.2% in the third 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 during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Moody’s during the third quarter worth $36,000. Asset Dedication LLC increased its position in Moody’s by 83.0% during 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 during the last quarter. Finally, Albion Financial Group UT purchased a new stake in shares of Moody’s in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 843 shares of company stock worth $401,119. Corporate insiders own 0.07% of the company’s stock.

Moody’s Stock Down 0.5 %

Shares of Moody’s stock opened at $496.81 on Tuesday. Moody’s Co. has a 1 year low of $360.05 and a 1 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 stock has a market cap of $90.02 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 2.91 and a beta of 1.31. The firm’s 50-day moving average is $483.06 and its two-hundred day moving average is $474.82.

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.