Great Lakes Retirement Inc. Acquires 171 Shares of Moody’s Co. (NYSE:MCO)

Great Lakes Retirement Inc. grew its holdings in shares of Moody’s Co. (NYSE:MCO) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,904 shares of the business services provider’s stock after purchasing an additional 171 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Moody’s were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its position in Moody’s by 0.9% during the third quarter. State Street Corp now owns 7,047,772 shares of the business services provider’s stock worth $3,344,802,000 after buying an additional 63,556 shares during the last quarter. FMR LLC increased its holdings in shares of Moody’s by 12.3% during the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock valued at $3,123,294,000 after acquiring an additional 723,226 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Moody’s by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after acquiring an additional 416,535 shares in the last quarter. Jennison Associates LLC lifted its holdings in Moody’s by 22.6% in 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 during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Moody’s by 32.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after purchasing an additional 502,891 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Activity

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Oppenheimer upped their price target on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. BMO Capital Markets raised their price target 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. UBS Group boosted their price objective on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. One equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Stock Up 1.7 %

Shares of MCO stock opened at $512.76 on Wednesday. The stock has a market cap of $92.91 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.31. 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 fifty day moving average price of $483.12 and a 200 day moving average price of $477.16. Moody’s Co. has a one year low of $360.05 and a one year high of $513.04.

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.